U.S. Inflation Falls For 2nd Straight Month But Remains High At 8.3%

The video discusses the latest monthly inflation report, showing a slight decrease in inflation rates from 8.5% in July to 8.3% in August. Despite being higher than expected, the report indicates a slow decline in inflation. Key areas of price increase include shelter, food, and medical care. The Federal Reserve is expected to announce another interest rate hike to continue controlling inflation. Economists predict a 75 basis point increase, but the exact decision will be revealed next week.

What was the inflation rate for August compared to the previous month?

• 8.5%

• 8.1%

• 9.1%

• 8.3%

Which areas saw the biggest increases in prices according to the report?

• Clothing, electronics, and entertainment

• Shelter, food, and medical care

• Utilities, travel, and dining

• Transportation, food, and education

What is the expected interest rate hike by the Federal Reserve?

• 25 basis points

• 50 basis points

• 75 basis points

• 100 basis points

Why is the Federal Reserve considering another interest rate hike?

• To increase consumer spending

• To stabilize the stock market

• To boost employment rates

• To continue reducing inflation

When will the Federal Reserve's decision on interest rates be announced?

• Wednesday

• Tuesday

• Monday

• Thursday