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Prices for U.S. consumers grew 3.7% in August as gasoline prices spiked, according to the Bureau of Labor Statistics.

Inflation was about equal to expert projections, and prices rose at a faster pace than the previous month.

Economists had expected the data to show a 3.6% overall increase in inflation compared to a year ago. That makes the second time the year-on-year inflation

The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter of one percentage point and signaled it is prepared to do more to bring ‘elevated’ inflation down. The decision boosts the Fed’s benchmark interest rate to a range of 5.25%-5.5%. That’s the highest rate in 22 years. In a statement, the Fed said that it remained “highly attentive” to inflation risks. “The Committee

LOUISVILLE, Ky. (AP) — A Louisville pilot program that diverts some 911 emergency calls to mental health professionals is expanding to a citywide service, Mayor Craig Greenberg said. The pilot program, called the Crisis Call Diversion Program, was launched a year ago in a single police division, but later expanded to three more. The program has so far offered more than 600 people crisis

SYDNEY, March 13 (Reuters) - Several Australian and New Zealand tech firms said on Monday they did not have material exposure to Silicon Valley Bank following the failure of the U.S. startup-focused lender SVB Financial Group (SIVB.O) last week. Australian Treasurer Jim Chalmers said the government was aware some Australian firms have been impacted but added the country's "institutions are