CNBC: Fed’s preferred gauge shows inflation accelerated even more than expected in August

CNBC reports “[i]nflation in August was stronger than expected despite the Federal Reserve’s efforts to bring down prices, according to data Friday that the central bank follows closely.”

The stock market is still tanking.

NRCC Comment: “The economy and inflation are still the top issues for voters. That is very bad news for Democrats because prices are up and the market is down.” – NRCC Spokesman Mike Berg