US consumer prices accelerated in August and a key measure of underlying inflation posted its largest increase in four months, reinforcing expectations that the Fed will raise interest rates next week ▻ ↧ US consumer prices accelerate in August, push Fed closer to rate hike U.S. consumer prices accelerated in August, while a key measure of underlying inflation posted its largest increase in four months, reinforcing expectations that the Federal Reserve will raise interest ​rates next week.