Inflation edged higher in August, government data showed Thursday, as investors looked for signs of how much President Trump's tariffs are filtering into consumer prices and what that means for how aggressively the Federal Reserve will cut interest rates.

With inflation on the rise again, some investors may want to pivot turns gold. Here's why it makes sense right now.

U.S. inflation picked up moderately in August, with prices up 2.9% from a year earlier. The Federal Reserve next meets Sept. 16-17.

The Bureau of Labor Statistics released the August consumer price index (CPI), which showed that inflation remained above the Fed's target ahead of the central bank's rate decision.

Inflation accelerated in August as Americans paid more for gasoline and groceries. Over the last 12 months, consumer prices have risen 2.9%.

In particular, prices for housing increased 0.4% in August, while the cost of groceries went up by 0.6%. The increase in prices of necessities means consumers will continue to be squeezed as the pace of wage increases slows.

Inflation in the Seattle area crept up in August, mirroring national trends. But the Seattle area is also seeing some unique affordability challenges.

Consumer prices rose 2.9% in August from a year earlier, the Labor Department said Tuesday, the biggest increase since January.

Follow live coverage and analysis of the August consumer price index reading, which the Bureau of Labor Statistics released earlier today.

The consumer-price index for August showed inflation is still rising at an uncomfortable level, but not so uncomfortable that the Federal Reserve won't cut interest rates. How come? While higher U.S.

Rising prices and economic uncertainty could have a big impact on seniors' retirement income strategies right now.