The consumer price index, an inflation barometer, rose 3.4% on an annual basis in August 2026, according to the Bureau of Labor Statistics. That's well above the Federal Reserve's inflation target.

Fed has raised rates, and the market expects there will be at least 2-3 more rate hikes over the course of the next year.

The time value of money makes a dollar more valuable today than in the future. Learn how inflation and interest rates affect your finances and ways to maximize your money’s worth.

Polo Rocha has written about economics and banking for a decade. Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics ...

Ty Roush is a breaking news reporter based in New York City. Consumer prices rose 3.4% from July 2025 and 0.1% from June and July, the Bureau of Labor Statistics reported, matching Wall Street’s ...

The price of gold has experienced big swings in 2026 after hitting a record early in the year above $5,000. Last week, the precious metal, along with silver, turned in its best performance in months.