Inflation heats up as Fed faces pressure from Trump, labor market to cut rates
Inflation accelerated in August, according to data released Thursday by the Labor Department, complicating the Federal Reserve’s efforts to balance interest rates amid intense political and economic pressure. The consumer price index (CPI) rose 0.4 percent last month, up from a monthly gain of 0.2 percent in July, and 2.9 percent over the past 12…
