This is a Bloomberg Money Minute. U.S. consumer prices rose at a slightly higher pace than expected month over month in August, but the year over year gain matched expectations. Consumer prices rose 4/10 percent month over month and 2.9% year over year, stripping out volatile food and energy prices as the Fed prefers to do. Prices rose 3/10 percent in August from the month before and 3.1% year over year.Those so-called core prices matched expectations. And overall, this new report keeps the Fed on track to ...

Consumer prices were up 2.9% in August from a year earlier, the Labor Department said Thursday, hotter than July's gain of 2.7%. ...