The Labor Department releases its August snapshot of U.S. consumer prices Wednesday. The Commerce Department delivers its monthly tally of retail sales Thursday.
EYE ON INFLATIONEconomists polled by FactSet expect the report to show prices rose 3.6% last month from a year earlier. In July, prices rose 3.
2% from a year earlier, up from a 3% annual rise in June, which was the lowest rate in more than two years. Inflation in consumer prices has been cooling since June 2022, when it hit a recent high of 9.1%, but it has yet to fall to the Fed’s 2% target.
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