Hotels and resorts are learning to cope with rising labor costs and job vacancies.
The CPI is one of the last major reports the Fed will see before its meeting next week, where rates are expected to be maintained.
Hiring and incomes are still firm enough to bolster consumer spending.
U.S. companies in August added the fewest jobs, adding to signs of moderating labor demand.
Gross domestic product is expected to advance an annualized 1.8% in the third quarter.
The labor market continues to show strength despite the impact of higher borrowing costs.
No place in the U.S. has put inflation in the rearview mirror quite as fast as Minneapolis.
The contract rate on a 30-year fixed mortgage rose 16 basis points to 7.09% last week.
The figures highlight an economy that's powering ahead, thanks to a strong labor market.
Core CPI advanced 4.8% year over year, the lowest since late 2021 but still well above the Fed's target.
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