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الراي
US inflation rises in August amid fuel costs
The inflation rate in the United States rose for the second consecutive month in August, reaching 3.4% on an annual basis. Notably, car fuel prices increased by 3.9%, accounting for more than one-third of the monthly rise in the price index. This comes amid bond yields reaching their highest levels in years, leading to increased borrowing costs, especially for mortgages and auto loans. The likelihood of the Federal Reserve raising interest rates at next week's meeting has grown, as officials aim to curb inflation that has remained above the target for over five years. Additionally, the expansion of AI data centers has contributed to higher electronics prices, resulting in an increase in the consumer price index during July and August.
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