CPI Report Today: Inflation Rose 3.4% in August; Odds of Rate Hike Jump — Live Feedhttps://www.live-feeds.com/feed/cpi-report-today-inflation-rose-3-4-in-august-odds-of-rate-hike-jumpContinuously updated, source-cited coverage. Inflation Hits 3.4% in August as Federal Reserve Rate Hike Odds Jumphttps://www.live-feeds.com/feed/cpi-report-today-inflation-rose-3-4-in-august-odds-of-rate-hike-jumphttps://www.live-feeds.com/feed/cpi-report-today-inflation-rose-3-4-in-august-odds-of-rate-hike-jump#u66089Sat, 12 Sep 2026 09:51:42 +0000Consumer prices rose 3.4% annually in August, driven by a surge in gas and oil prices, according to the Bureau of Labor Statistics. The Consumer Price Index climbed 0.4% during the month, marking the fastest monthly pace since April. The persistent inflation figure pushed the probability of a Federal Reserve interest rate hike to 72% as policymakers prepare to meet next week. Financial markets reacted with stock futures ticking up and yields edging lower ahead of the official data release.Why it mattersThe inflation reading arrives while the Federal Reserve sits undecided on monetary policy am