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U.S. inflation eased in August to new three-year lows

and how an unregulated cryptocurrency fuels a parallel

economy around the world. We're seeing financial actors from obviously criminals,

sanction busters and even regular citizens

turning to Teather as a work-around within the global financial system.

Plus, Democrats and Republicans weigh in after last night's presidential debate.

It's Wednesday, September 11th.

I'm Tracy Hunt for the Wall Street Journal.

This is a PM edition of What's News, the top headlines and business stories that move the world today.

U.S. inflation eased in August to new three-year lows, teeing up the Federal Reserve

to begin gradually reducing interest rates at a meeting next week.

The U.S. Labor Department says the Consumer Price Index climbed 2.5% from a year earlier,

extending its cooling streak to five months. But core inflation, a measure that excludes

volatile food and energy costs held roughly steady at 3.2%.

Here what is now to explain what this could all mean for the economy is the journals David Uberti.

David, what is the market making out of this latest data?

Well, the market is more or less thinking that this is a positive report on balance,

...