The Industrial average of Dow Jones fell more than 1200 points in a day, resulting in 4% drop.

The Federal Reserve planning to decide on another hike in the interest rate in the upcoming week. 

The consumer price index rose by 0.1% in August, including an uprise according to the Labour Statistics Bureau. 

The CPI continued to display one vital bright spot: the prices of gasoline. The gas price fell continuously, dropping 10.6% in August. 

The Federal Reserve has initiated list of interest rate hikes to slash the price by choking off demand and slowing the economy.

Increased Rate appeared to slow down the economy resulting in higher mortgage rate and slow construction of new homes. 

The Federal Reserve is performing a " delicate balance act ". " The Fed is hiking the rates but trying to avoid the increment of unemployment rates", said Scott Schuh. 

Consumer Expectation for gas gallon has depriciated significantly , having fallen pretty below  a peak of 5.01 dollars. 

The median consumer responses depicted that the inflation is expected to fall about 5.7% in August. 

Reports state that prices have fallen significantly in some locations.