The August update of the Consumer Price Index (CPI) dropped yesterday. And the news is… not great. The CPI increased 0.1% for the month and 8.3% over the past year. Excluding food and energy costs, the CPI rose 6.3% from last August. The markets slumped right after the news broke. Everyone had hoped that the Fed would get inflation under control by now, but it doesn’t seem like we’re there yet. In this episode…