Please stay tuned for important disclosure information at the conclusion of this episode.

High inflation is refusing to budge.

I'll also tell you when our U.S. economists believes inflation will peak and cool off.

Plus, we have a couple of investment ideas if you're looking to benefit from these higher interest rates.

And Morningstar's behavioral economist Sarah Newcomb shares how you can reshape your thinking

to make better financial decisions.

This is Investing Insights.

Welcome to the new Investing Insights.

I'm your host, Ivana Hampton.

We're bringing you a new format with a mix of market news,

analyst insights, and personal finance tips. And let's kick it off with a look at your

Morning Star headlines. Inflation is proven itself to be stubborn, time and time again. The Bureau

of Labor Statistics released the August Consumer Price Index report this week,

and it showed inflation ticked up higher last month to 8.3% compared to the same time last year.

It dipped from July, but still set above experts' expectations.

Fuel prices have fallen, however, food, housing, and health care costs remain high.

Morningstar's U.S. economist Preston Caldwell cautions investors against overreacting

because the inflation numbers can be volatile on a month-to-month basis.

And he thinks the disappointing report has cemented the case for the Fed to raise interest rates

by 0.75 percentage points next week.

Caldwell believes the 40-year high inflation is expected to peak this year before cooling off

next year.

...