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US Inflation Hits Three-Month High as Oil Falls

By Markets Desk · 2026-09-12 · Updated 2026-09-12 00:16 UTC
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Illustration: Tradingbird

US inflation hit a three-month high in August, fueled by a sharp spike in gas prices and sticky housing costs. With the Federal Reserve's September meeting approaching, market odds for a rate hike have climbed to 87% as experts warn of rising borrowing costs.

  • New details from the August report reveal that gas prices surged nearly 4% month-over-month, while housing costs climbed 3% year-over-year. According to GN markets/inflation (en-US), economists view the September Fed decision as a close call, with many leaning toward a quarter-point hike due to the combination of strong jobs data and persistent price pressures.

    Source: ABC13 Houston

  • US consumer inflation reached a three-month peak in August, driven by rising energy costs and sticky services prices. This data has pushed the probability of a Federal Reserve rate hike to 87 percent.

    Source: yahoo.com
Based on reporting by yahoo.com and ABC13 Houston, compiled by the Tradingbird desk.

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