Shea Levin — text status

U.S. inflation came in at 3.4% in August, unchanged from July and matching expectations, according to Labor Department data released Friday. Gasoline prices remained elevated, while diesel hit a record $6.06 a gallon, compared with $3.71 a year ago. The continued inflation comes as the Federal Reserve prepares to decide on interest rates next week, with markets pricing in roughly a one-in-three chance of a quarter-point rate increase.