US Inflation Rises, Keeping Pressure on Fed

3-line summary

• US inflation rose, keeping pressure on the Fed, according to a MarketWatch report.
• The main inflation gauge used by the Federal Reserve to set interest rates rose sharply in August, underscoring why the central bank raised rates earlier this month for the first time in three years.

This summary is our own processing of the source article; see the source link below for full context.