What happened Money-management company Franklin Resources (NYSE: BEN) was down big on Tuesday, falling as much as 7.2% at approximately 12:47 p.m. The U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) for August, which showed inflation rose slightly, up 0.1% to 8.3%, compared to July. This is all bad news for the market, as it means the Fed will continue its aggressive strategy to raise rates and reduce inflation.