AXIOS reported August US consumer prices remained elevated as an energy shock tied to the Iran war pushed inf higher. Rising energy costs are squeezing household budgets and signs show underlying inf is resilient across the broader economy. The data could strengthen the Fed's case for a rate hike at next week's meeting. International oil is trading near $100/bbl, up from about $80/bbl in mid‑August, and AAA says US diesel averages a record $6/gal. With US midterms under two months away, renewed

AXIOS reported August US consumer prices remained elevated as an energy shock tied to the Iran war pushed inf higher. Rising energy costs are squeezing household budgets and signs show underlying inf is resilient across the broader economy. The data could strengthen the Fed's case for a rate hike at next week's meeting. International oil is trading near $100/bbl, up from about $80/bbl in mid‑August, and AAA says US diesel averages a record $6/gal. With US midterms under two months away, renewed inf pressure may complicate the administration's messaging that living‑cost pressures are easing.