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    CPI rose at 3.4% pace in August, raising odds of Fed rate hike this month

    CBS News US
    September 11, 2026
    via CBS News US

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    CPI rose at 3.4% pace in August, raising odds of Fed rate hike this month

    The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.

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