Recent inflation data has been released, showing a higher than expected rate for August. This development has significant implications for interest rates, with the odds of a rate hike in September now standing at 85%.
Despite this potentially negative economic indicator, there is a positive aspect that is contributing to an increase in stock prices.
Further details on the inflation data and its potential impact on the economy can be found through Yahoo Finance.
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. ...
