The 12-month rate of inflation as of August 2026 is 3.4%, according to the Bureau of Labor Statistics (BLS). Energy inflation spiked to 16.9% as the status of the Strait of Hormuz remains uncertain.

Inflation remained stubbornly elevated in August as a war-driven energy shock continued to ripple through the US economy and Americans’ pocketbooks.

Inflation remained stubbornly high in August, largely on the back of higher energy prices amid the Iran war, economists said.

U.S. inflation showed little improvement in August, running at a 3.4 percent annual rate. Investors believe the Federal Reserve is very likely to raise rates at its meeting next week. Note: Data is ...

The chances that interest rates remain at current levels now stand at 62.9%, compared to 49.1% on Tuesday.

GREENVILLE, South Carolina, Aug 14 (Reuters) - Kevin Warsh took over as head of the Federal Reserve in May with monetary policy at a crossroads, officials divided over whether they would need to hike ...

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(Corrects paragraph 10 to show dollar index at highest since mid-May 2025 and not mid-May this year) By Amanda Cooper LONDON, ...

Recent elevated inflation readings are "much more likely to be transitory this time" compared to the post-pandemic surge, according to Stephen Miran, Hudson Bay Capital senior strategist. The former ...