New Labor Department data shows that inflation is warming back up, and that's putting the Fed in a complicated situation. Spencerjakab explains. WSJWhatsNow
Labor Department data on Thursday showed, for the third month in a row, that inflation is warming back up. The central bank had been worrying aloud that it might be dangerously low. The overall consumer-price index rose 0.
1% in August from July, putting it 1.7% above its year-earlier level, but it was held down by lower energy prices. Core prices, which exclude food and energy items to better capture inflation’s trend, rose 0.3%, putting them up 2.4% from a year earlier. That was...
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