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Inflation creeps higher in August, amid looming rate cut

Key Insight: Consumer prices rose 0.4% in August, doubling July’s 0.2% increase, indicating inflation is rising but remains moderate. Supporting Data: The inflation numbers come after the U.S. economy reported only 22,000 jobs in August, the weakest gain since the pandemic recovery, while unemployment ticked up to 4.3%. Forward Look: The data likely does not

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