Money in the Market: Rising US inflation: how does it impact the Fed's upcoming interest rate decisions?

US inflation accelerated in August for the second consecutive month, pushed up by rising gas prices. According to data from the Bureau of Labor Statistics, core inflation, however - which excludes volatile food and energy prices - continued to slow. The Consumer Price Index, a closely watched inflation gauge, rose 3.7% in August from a year earlier, up from July’s 3.2% rise.  On a month-to-month basis, prices rose 0.6% in August, compared with a 0.2% gain in July. So what can we make of these numbers and how might it impact the Fed’s FOMC meeting next week? On Money in the Market, Emaad Akhtar speaks to Sani Hamid, Director for Wealth Management, Financial Alliance to find out more. See omnystudio.com/listener for privacy information.