
Headline inflation stayed at 3.4% in August, but gasoline costs jumped 27.4% after the US-Iran ceasefire collapsed. Core inflation rose to 2.4%, giving the Fed little room to ease.
financeSaturday, September 12, 2026
August's CPI report landed with a thud: headline inflation stuck at 3.4% as gasoline surged 27.4% on the Iran conflict. Core inflation ticked up to 2.4%, leaving the Fed in a tighter spot than it was yesterday.
The August CPI report is the main event, and it's not pretty for consumers or the Fed.

Headline inflation stayed at 3.4% in August, but gasoline costs jumped 27.4% after the US-Iran ceasefire collapsed. Core inflation rose to 2.4%, giving the Fed little room to ease.
AARP is projecting a 3.6% Social Security COLA for 2027 based on August CPI-W data. That would be a meaningful bump for recipients, but it's tied directly to the same energy-driven inflation hurting everyone else.

A Dutch study claims households can save nearly €3,000 a year by going green as energy prices climb. The timing is convenient, policy changes from The Hague and Brussels are about to make gas and electricity more expensive.
Two big voices in finance are making opposing calls on tech stocks today.
Jensen Huang dismissed 'circular financing' fears at Goldman's conference, arguing Nvidia's $500 billion infrastructure platform generates $100 in AI business value per dollar invested. It's a confident defense, but the short thesis isn't going away.
Michael Burry is staying short on Nvidia, Palantir, and Tesla, warning of a potential 1987-style crash in AI stocks. The track record is mixed, he's been right on the call but early before.
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