US inflation accelerated in August for the second consecutive month, pushed up by rising gas prices.

According to data from the Bureau of Labor Statistics, core inflation, however - which excludes volatile food and energy prices - continued to slow.

The Consumer Price Index, a closely watched inflation gauge, rose 3.7% in August from a year earlier, up from July’s 3.2% rise. 

On a month-to-month basis, prices rose 0.6% in August, compared with a 0.2% gain in July.

So what can we make of these numbers and how might it impact the Fed’s FOMC meeting next week?

On Money in the Market, Emaad Akhtar speaks to Sani Hamid, Director for Wealth Management, Financial Alliance to find out more. 

US inflation accelerated in August for the second consecutive month, pushed up by rising gas prices.
According to data from the Bureau of Labor Statistics, core inflation, however - which excludes volatile food and energy prices - continued to slow.
The Consumer Price Index, a closely watched inflation gauge, rose 3.7% in August from a year earlier, up from July’s 3.2% rise. 
On a month-to-month basis, prices rose 0.6% in August, compared with a 0.2% gain in July.
So what can we make of these numbers and how might it impact the Fed’s FOMC meeting next week?
On Money in the Market, Emaad Akhtar speaks to Sani Hamid, Director for Wealth Management, Financial Alliance to find out more.

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We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.

Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.

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