Core inflation comes in hotter than expected. Fed rate hike looks inevitable

Core inflation has exceeded expectations, leading to a likely increase in interest rates. This development makes a Fed rate hike almost certain.

Further information on this topic is available from InvestmentNews. The source reports that core inflation has come in hotter than expected, which has significant implications for monetary policy.

Details of the inflation data and the potential impact of a rate hike can be found through InvestmentNews, providing additional context and analysis of the situation.