Stubborn Inflation Raises Prospect of Fed Rate Hike
Markets are pricing two quarter-point hikes by December as inflation remains at 3.4%, according to the CME FedWatch Tool.
5 Articles
5 Articles
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…
Hot inflation, $100 oil: Why a Fed rate hike next week now looks almost certain
The likelihood of a US Federal Reserve rate hike rises to 90% following August inflation data showing elevated prices. Oil prices exceeding $100 a barrel and higher tariffs contribute to ongoing inflation, complicating economic predictions amid calls for lower interest rates from President Trump.
Inflation in the US remains stable at 3.4 percent, at a high level. The oil price shock increases the pressure on the Fed before its interest rate decision.
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