Inflation ticked up in August, but Fed rate cut in play as jobless claims surge

U.S. inflation picked up moderately in August, with prices up 2.9% from a year earlier. The Federal Reserve next meets Sept.
Business Insider

The Fed cuts interest rates by 25 basis points after disappointing job growth — and mounting political pressure

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The Federal Reserve is expected to cut interest rates. How low will it go?

While inflation remains above the Fed's 2% target, economists expect a rate cut this September to address the weakening labor market.
CBS News

How does the Fed influence mortgage rates? Here's what to know as policymakers consider trimming borrowing costs.

Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.