Fed rate cut now signals 3% inflation is the new 2% | Inflation expected to have climbed in Augus…

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Inflation expected to have climbed in August as Fed weighs interest rate cut

Fed Chair Jerome Powell has warned of a tariff-induced price hike.

Fresh inflation data to be released on Thursday will provide the latest look at price increases as some economists warn of a potential tariff-induced jump in household costs.

The new report arrives days before the Federal Reserve is set to announce a widely expected quarter-point interest rate cut.

A hotter-than-expected inflation reading could prompt Fed policymakers to put off slashing rates, while a lower-than-expected figure may nudge the central bank toward a larger half-point cut.

Economists expect consumer prices to have climbed 2.9% over the year ending in August, which would mark a slight uptick from a 2.7% inflation rate recorded in the month prior. If the inflation reading matches economists’ expectations, price increases would remain below the 3% rate recorded in January, the month President Donald Trump took office.

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