Inflation Hits 3.4% as Fed Rate Decision Looms

Inflation is proving stubborn once again, raising the odds of another Federal Reserve interest rate hike. The latest Consumer Price Index shows inflation climbed 3.4% year over year in August, while a hotter-than-expected core reading pushed traders to increase their bets on a Fed rate hike.

Kathy Fettke breaks down what's driving inflation, what the Fed could do next, and what it could mean for mortgage rates, housing, and real estate investors.

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Source: https://www.cnbc.com/2026/09/11/cpi-inflation-report-august-2026.html