Consumer inflation in August has had an impact on expectations for Federal Reserve rate hikes. The latest inflation data has cemented the likelihood of a rate hike.
Further details on the situation are available from CNBC, including reactions from Wall Street.
The source provides additional information on what Wall Street is saying about the August consumer inflation and its effect on Fed rate hike odds, for those looking for more insight into the matter.
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. ...
