Inflation Report Lands Amid Spiking Oil Prices, Rising Interest Rates and Fed on Fence
Friday’s inflation report is expected to show 3.3% annual price growth, a reading that could determine whether the Fed raises rates next week.
- The Federal Reserve is weighing a potential interest rate hike at its September 15-16 meeting, with today's inflation report serving as a critical indicator for officials divided on the decision.
- Renewed fighting in the Middle East has driven energy costs upward, pushing the nationwide average cost of a gallon of gas to $4.28 on Thursday, up 7% from a month ago.
- Fed governor Christopher Waller, one of 12 voting officials, indicated he would support holding rates if today's report shows cooling, while Chair Kevin Warsh suggested two weeks ago he was leaning toward a hike.
- Wall Street analysts anticipate a rate hike if core inflation rounds up to 0.3%, though a figure of 0.2% or lower could result in the Fed maintaining current rates.
- President Donald Trump promised $5,000 payments to every American adult if the GOP keeps a majority in Congress, seeking to counter voter concerns about high prices as midterm elections approach.
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33 Articles
Morning Business Report: Wholesale inflation rises as mortgage rates top 7% and oil surges
(LILAMAX)- Wholesale inflation came in higher than expected last month, increasing expectations that the Federal Reserve could raise interest rates at its meeting next week. The odds of a rate hike have climbed to about 70%. The Fed will get one more major inflation reading before its meeting when the Consumer Price Index is released Friday morning. Meanwhile, the housing...
Operators now estimate that there is an 85% chance of a quarter-point rise at the Fed meeting from 15 to 16 September.
Ottumwa Courier
Inflation report lands in a time of spiking oil prices, rising interest rates and Fed on fence
Friday’s inflation report is shaping up to be among the most consequential in years. Oil and gas prices have spiked again on the back of renewed combat in the Middle East. The Federal Reserve is considering whether to lift its…
Friday's inflation report could help Fed decide whether to raise interest rates
The spotlight on Friday's inflation report is even brighter than usual. The cost-of-living update will be a key factor in whether the Federal Reserve decides to raise interest rates next week.
Inflation report lands amid spiking oil prices, rising interest rates and Fed on fence – WTOP News
WASHINGTON (AP) — Friday's inflation report is shaping up to be among the most consequential in years. Oil and gas prices have spiked again on the back of renew
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