Page 68 - Mark Hamrick News Today

The rate of inflation declined slightly to 8.3% in August, but still remains well above the Fed’s 2% benchmark rate.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Although the annual U.S. inflation rate fell to 8.3%, Americans are still facing painfully high costs for food, rent and other staples.

The August inflation data out Tuesday morning is expected to show that consumer prices slowed in August, but that likely won't be enough to mollify the Federal Reserve.

Wall Street's main stock indexes plunged intraday on Sept. 13 after government data showed inflation coming in hotter than expected, putting investors on edge as the price data suggests the Fed will remain on a hawkish tilt and keep tightening aggressively.

Gasoline price drops are being offset by higher food costs

Overall inflation moderated less than anticipated, and a closely watched measure of price pressures jumped, bad news for the Federal Reserve.

Washington - U.S. consumer price increases eased in August compared to a year ago, the government said Tuesday, but the drop was modest and may not be n

Despite the solid monthly jobs report for August released on Friday – with 315,000 added – U.S. stocks reversed all gains to close lower across the board.

The U.S. Department of Labor said the economy added 315,000 jobs in August. That's less than previous months, but a strong number historically.