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Scoop.it!
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Inflation was 3.5% in March, a sign that cooling has stalled and interest rate cuts may be delayed. 
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Scoop.it!
The US inflation rate was 3.7% over the 12 months to August, up from 3.2% in July.
Graham Watson's insight:
The latest US inflation data surprisingly ticked up last month, to 3.7% from 3.2% - what we wouldn't give for that - largely as a result of fuel prices rising.
This is interesting, largely because if means that the Federal Reserve might consider another rise in interest rates to purge the economy of inflation.
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US inflation remains problematically high, and has actually gone up over the last month, driven by fuel and housing costs. As a result, the Fed are likely to be more reluctant to lower interest rates and this has implications for the conduct of monetary policy everywhere.