Inflation: Above the Fed's Comfort Zone

The Aug. 15 reports show that the core Consumer Price Index is up slightly while the manufacturing sector continues to hum along

Amid the recent turmoil in the credit markets, economic data releases haven't received the full attention of many market watchers. But Wall Street got some important updates on consumer-level inflation and the factory sector Aug. 15, along with a reading from the New York Fed on manufacturing conditions in the region.

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