U.S. inflation hits 3.4%: Will the Fed raise rates again?
By CGTN America
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Consumer prices rose 0.4 percent in August, with U.S. inflation accelerated to 3.4%, driven by stubborn pressures in the tech sector and a spike in energy costs. Gasoline prices jumped 3.9% in August, adding to pressure on consumers and raising fresh questions about where inflation goes next. Investors are now betting the Federal Reserve will raise interest rates at its meeting next week. CGTN's Sean Callebs spoke with William Lee, Chief Economist and Managing Director at Global Economic Advisors, about what consumers can expect next from prices and the Fed. 0:00 Why energy prices are keeping U.S. inflation high 1:21 Why the U.S. has an energy refining problem 3:05 When will Americans see relief from high prices? 3:41 Why the Fed may raise interest rates despite inflation 4:31 Will the Fed and White House clash over interest rates? 5:00 Treasuries or AI? The U.S. debt and borrowing dilemma #bizshow #USeconomy #CPI #inflation #Fed #Warsh #gasprices #energycrisis Watch CGT
Tags: CGTN, CPI, Energy Crisis, Gas Prices, Inflation, US Economy, US Federal Reserve, bizshow
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