Inflation Rises Again in August But Signs of Cooling Persist

Inflation accelerated in August due to higher gas prices, but underlying price pressures continue to moderate.
The Federal Reserve is still expected to hold interest rates steady at its September meeting, but may hike again if inflation persists.
Housing costs continue to rise but at a slower pace, while falling used car prices are helping ease overall inflation.
China's economy showed signs of stabilizing in August, but its property sector remains under pressure.
The European Central Bank raised interest rates but signaled its tightening cycle is nearing an end.