https://www.live-feeds.com/feed/gasoline-likely-to-boost-us-consumer-prices-in-augustContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/gasoline-likely-to-boost-us-consumer-prices-in-augusthttps://www.live-feeds.com/feed/gasoline-likely-to-boost-us-consumer-prices-in-august#u67358Mon, 14 Sep 2026 01:16:17 +0000The Federal Reserve is expected to raise interest rates this week following a firmer than forecast monthly core CPI. Market implications now suggest a 90% probability of a 25bp hike at the FOMC meeting. This comes as US Treasury 2-year yields hit a new cycle high and the 10-year yield stands at 4.98%. While President Donald Trump continues to advocate for the lowest interest rates in the world, Fed Chair Kevin Warsh faces increasing pressure to tighten borrowing costs to combat inflation driven by energy spikes.Why it mattersRenewed fighting in the Middle East pushed gasoline and diesel prices https://www.live-feeds.com/feed/gasoline-likely-to-boost-us-consumer-prices-in-augusthttps://www.live-feeds.com/feed/gasoline-likely-to-boost-us-consumer-prices-in-august#u66768Sun, 13 Sep 2026 05:36:51 +0000US inflation accelerated in August, driven by a spike in gasoline and fuel prices following renewed fighting in the Middle East. Consumer prices rose 0.4% month-on-month, matching estimates, while wholesale prices also increased by 0.4%. These energy costs pushed consumer inflation to a three-month high and caused diesel prices to reach a new peak. Market reactions following the CPI data have pushed the odds of a Federal Reserve interest rate hike to 85%, while Bitcoin rallied past $79K.Why it mattersRising affordability challenges coincide with midterm elections occurring in seven weeks. The https://www.live-feeds.com/feed/gasoline-likely-to-boost-us-consumer-prices-in-augusthttps://www.live-feeds.com/feed/gasoline-likely-to-boost-us-consumer-prices-in-august#u66088Sat, 12 Sep 2026 09:51:37 +0000US consumer prices rose by 0.4% month-on-month in August, matching estimates as energy costs climbed. Wholesale prices also increased by 0.4% in August as expected, driven by rising energy costs and oil prices continuing to climb. Gasoline prices spiked following renewed fighting in the Middle East, specifically during an Iran war that drove energy costs higher and pushed diesel prices to a fresh high. This surge in energy prices led consumer inflation to hit a three-month high while the core measure unexpectedly accelerated, squeezing Americans finances and raising questions about whether int