US consumer inflation picks up in August

U.S. inflation picked up in August — CPI rose 0.4% for the month and 3.4% year‑over‑year, largely due to a rebound in gasoline prices.
Markets see about a 70% chance the Fed will raise rates next week as hotter CPI and Producer Price readings boost rate‑hike prospects.
Higher gas and food costs (with oil back above $100) are stoking voter frustration and could hurt Trump’s approval and GOP chances in the midterms.