August Inflation Pushes Fed Rate Hike Odds to 90% — SkimNews
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- Federal Reserve rate hike odds surged to 90% following a monthly jump in core prices
- US inflation rose faster than experts predicted in August, keeping sustained pressure on the Fed to raise rates
Why it matters: Core prices accelerating month-over-month and headline inflation exceeding expert forecasts leave the Fed facing sustained pressure to raise rates, with implied odds already at 90%.
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