The Inflation Fever Rises: Will the Fed Finally Catch On? The latest Consumer Price Index (CPI) numbers confirm that inflation remains a significant concern for the Federal Reserve.
With the August CPI rising at an annual pace of 3. 4%, it's clear that the Fed must take action to address this pressing issue.
Energy prices continue to dominate inflationary pressures, with gasoline costs accounting for over one third of the monthly rise in CPI. The fact that gasoline prices are up 27. 4% from last year, with a 3.