THE BASIS POINT

Gas prices down 26% since June, helping slow August inflation to 8.3%. But a third .75% Fed rate hike still likely September 21 to keep up inflation fight

 
 

“Con­sumers are get­ting re­lief at the pump and there should be fur­ther re­lief com­ing at the gaso­line sta­tion and the gro­cery store, since one of the big­gest costs of food is trans­port­ing it,” said Ryan Sweet at Moody’s An­a­lyt­ics.

“Con­sumers are get­ting re­lief at the pump and there should be fur­ther re­lief com­ing at the gaso­line sta­tion and the gro­cery store, since one of the big­gest costs of food is trans­port­ing it,” said Ryan Sweet at Moody’s An­a­lyt­ics.

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U.S. Inflation Slowed Slightly to 8.3% in August

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