Fed Rate Hike Likely as August Inflation Holds Above Target — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- The Federal Reserve appears increasingly likely to hike interest rates next week, with the source citing stubborn inflation as the driver.
- August inflation data released Friday showed annual inflation unchanged from the prior reading, still well above the central bank's 2% target rate.
Why it matters: With annual inflation stuck above the Fed's 2% target, the central bank has fresh justification to hike rates next week, meaning continued elevated borrowing costs for American consumers and businesses already navigating above-target prices.
Ask SkimNews
