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.

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