US inflation shows slight slowdown in August
Consumer prices in the United States increased by 3.4% in August 2026 compared to the same month last year, which is lower than experts' forecast of 3.7%. On a monthly basis, prices rose by 0.3%. Although inflation remains high and is approaching levels associated with economic growth, it is still above the Federal Reserve's 2% target. Experts stated that inflation is not rapidly heading towards the target level. Despite this, the market responded with gains, and there are expectations of an additional interest rate hike in the near future to combat ongoing inflation.
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