U.S. Inflation
Fed’s Job Isn’t Done
The Federal Reserve is making progress in its quest to tamp down inflation, but the fight isn’t over. August inflation data released on Wednesday showed inflation continued to cool mildly from the sky-high price gains that have plagued consumers and policy makers over the past two years. Core prices, which exclude the volatile food and energy indexes and are considered the better gauge of underlying inflation, rose 0.3% over the month and decelerated to a 4.3% annual pace in August, reaching the lowest level since September 2021.









