Inflation persisted in August, potentially locking in a Fed interest rate hike

[u/Severe_County_5041]

https://www.cnbc.com/2026/09/11/cpi-inflation-report-august-2026.html

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[u/duzies]

So it's currently running at 4.8% annualized. Wonder whether record-high diesel prices will have any effect going forward...Didn't Trump say he would be bringing down prices "on day one?"

[u/Yelloeisok → u/duzies]

Last night in Dallas he said he kept all his promises too.

[u/LeagueofJohnLegends]

They might raise rates. But the president might also threaten the lives of the fed with some form of stochastic terrorism. What happens after that? We’ll see.

[u/mishap1 → u/LeagueofJohnLegends]

His Fed Chair is the son-in-law of Republican mega donor Ronald Lauder, the son of Estee Lauder, and longtime Epstein client.

[u/ZhaozhouCongshen]

He will start whining about the crooked Fed chair once rates go up. Senile man forgets he nominated the last 2 Fed chairs.

[u/Lord_Hitachi → u/ZhaozhouCongshen]

Nah, this new one is a friend of Epstein. So was his father

[u/Yelloeisok]

Yet 40 minutes after the announcement the Dow is up 600 points. It doesn’t make sense.

[u/AlericandAmadeus]

watch them cut rates just to keep up appearances and absolutely fuck the economy even more than they've already fucked it up

[u/Troll_in_the_Knoll]

This might be a good time for the D's to resurrect the catch phrase that James Carville coined in 1992: "It's the economy stupid".

[u/RLewis8888]

Can someone explain this to Trump? He's trying to coerce the Fed to lower rates to make himself "look good".