Biggest year-over-year gain since April
Mideast war poses new uncertainty
American employers posted 9.6 million job openings in August, up from 8.9 million in July
Surprising resilience continues amid tighter monetary policy
The U.S. Labor Department also finds that wage gains are easing, a trend that may signal cooling inflation pressures
Consumer spending showed a decent gain but was down from Q1
By all measures, inflation has cooled over the past year, moving closer to the Fed's 2% target level but still remaining persistently above it
Thursday's report is the first of two CPI numbers Fed policymakers will see before their next meeting
A burst of business investment drove last quarter's surprising GDP figure
The index fell from mid-2021 to mid-2022 as surging prices ate into household budgets