US inflation rises before midterm elections, fuelling rate hike fears
North AmericaBusinessHigh confidence — 87/100
Economists divided on Fed rate hike as inflation creates uncertainty in run-up to US midterm elections in a tense market.
United States consumer prices jumped in September in the final inflation report before the midterm elections, increasing chances of an interest rate hike later this month.
Annual inflation accelerated to 3.7 percent, up from 3.4 percent in August.
Confirmed
United States consumer prices jumped in September in the final inflation report before the midterm elections, increasing chances of an interest rate hike later this month.
Annual inflation accelerated to 3.7 percent, up from 3.4 percent in August.
Unverified
Economists divided on Fed rate hike as inflation creates uncertainty in run-up to US midterm elections in a tense market.