Finance & economics | Core of the matter

America still has an inflation problem

Markets reel from the latest figures

NEW YORK, NEW YORK - AUGUST 11: A person passes a gas station with prices displayed in the Brooklyn borough on August 11, 2022 in New York City. While fuel prices are still historically high, they have fallen below four dollars a gallon in some regions of the country, bringing inflation relief to millions of Americans who depend on their cars for work and other activities. (Photo by Spencer Platt/Getty Images)
|Washington, DC

Editor’s note (September 14th 2022): This story has been updated to include markets’ reaction.

This article appeared in the Finance & economics section of the print edition under the headline “Core of the matter”

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