Mark Twain's timeless observation rings true: "There are three kinds of lies: lies, damned lies, and statistics." Yet, the skepticism toward government-published statistics is...
The Consumer Price Index (CPI), a key measure of inflation, increased by 8.3 percent in August compared to the same time last year and increased 0.1 percent from the previous month, the Bureau of Labor Statistics revealed on Tuesday.
Investors expect the Federal Reserve to move much more aggressively with hiking interest rates in the coming months as inflation rises to multidecade highs.