Inflation heats up as Fed faces pressure from Trump, labor market to cut rates

Inflation accelerated successful August, according to information released Thursday by the Labor Department, complicating the Federal Reserve’s efforts to equilibrium involvement rates amid aggravated governmental and economical pressure. The user terms scale (CPI) roseate 0.4 percent past month, up from a monthly summation of 0.2 percent successful July, and 2.9 percent implicit the past 12…