US inflation increased more slowly than expected in August which could lead financial markets to further diminish the likelihood of another rate hike from the Federal Reserve next month.

On Wednesday, the Commerce Department's Bureau of Economic Analysts said that economists had forecast the PCE price index rising 0.4% after a past reported 0.2% gain in July.

The inflation has now advanced 2.6% after subsequently decreasing by a revised 3.4% in July. The BEA revised its framework for........

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