Stubborn inflation raises prospect of Fed rate hike
- The Federal Reserve appears increasingly likely to hike interest rates next week, as inflation remains stubbornly elevated amid the war with Iran.
- New data out Friday showed annual inflation remained unchanged in August, still well above the central bank’s target 2 percent rate.
- This is raising expectations of a rate hike, even as President Trump pushes...
Confirmed
- The Federal Reserve appears increasingly likely to hike interest rates next week, as inflation remains stubbornly elevated amid the war with Iran.
Unverified
- New data out Friday showed annual inflation remained unchanged in August, still well above the central bank’s target 2 percent rate.
- This is raising expectations of a rate hike, even as President Trump pushes...
Sources: The Hill