The Daily Money: When will inflation go away?

Inflation is hot. Don't expect it to cool down quickly, especially after August's surprise CPI report. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Thursday, September 15 Happy Friday eve! I'm Elisabeth Buchwald and here is my Daily Money debut (please clap). Planes and automobiles went head to head with one another this summer over who could make more nasty headlines. Now trains are rising to the ranks.  Yesterday, Amtrak preemptively canceled all long-distance trains scheduled for today due to a potential freight rail strike. But just in the nick of time, railway unions were able to reach a tentative agreement. Amtrak is now scrambling to reschedule the canceled trains. Inflation just won't take a hint Inflation is like the one guest at a dinner party who just doesn't seem to pick up the hint that you're trying to wrap up the evening, clean up and go to sleep. And unfortunately, this unwanted guest is looking like it'll overstay its visit for an even longer span of time than economists originally anticipated. Case in point: After peaking at a 40-year high of 9.1% in June, consumer price increases eased to 8.5% in July and were expected to fall significantly for the rest of the year and beyond. But Tuesday's CPI report showed that the 12-month change in prices declined to 8.3% in August, instead of the 8% projected.  📰 More stories you shouldn't miss 📰 Patagonia founder gives company away: Wants future profit to help fight climate crisis Another Ford recall: 200,000 Expedition and Navigator SUVs due to fire risk Food prices soar: How much the cost of eggs, cereal, milk is going up. What I'm watching  I tend to be an early-to-bed, early-to-rise person but yesterday wasn't one of those days. I couldn't resist watching the season five premiere of The Handmaid's Tale last night. It did not disappoint. About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: How decisions by the Federal Reserve, government and companies impact you. Elisabeth Buchwald is a personal finance and markets correspondent for USA TODAY. You can follow her on Twitter @BuchElisabeth. Is high inflation more entrenched? Here's when to expect relief. Some economists say high inflation is still on track to ease in coming months despite disappointing CPI report. Others say it will hang around longer. Amtrak restoring long-distance trains after freight strike averted Patagonia founder gives company away to help combat climate crisis 'Economic disaster': Biden faces pressure to avert freight rail strike Apple Watch Series 8 review: Is it time for an upgrade? California sues Amazon, accuses it of breaking antitrust laws Fred Franzia, mastermind of 'Two Buck Chuck' wine, dies at age 79 When travel plans booked via Expedia go wrong, who is responsible? History of video games: What is the oldest game out there? Who... Social Security checks could get their biggest bump in 41 years   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2022 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102