News Wrap: August inflation report shows consumer prices up 3.4%

In our news wrap Friday, the Labor Department reported that consumer prices rose 3.4% in August when compared to last year, the inflation report is fueling speculation that the Fed will raise interest rates, U.S. health officials declared an end to the cyclospora outbreak and a British official says more than half a million Russian troops have been killed since the start of the Ukraine invasion. Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. Also, today, the latest reading on U.S. inflation is fueling speculation that the Fed will raise interest rates when it meets next week. The Labor Department said this morning that consumer prices rose 3.4 percent in August when compared to last year.

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