Stubborn inflation raises prospect of Fed rate hike — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Federal Reserve appears increasingly likely to hike interest rates next week, with stubborn inflation undermining hopes for a pause or cut
- August inflation data showed annual rates unchanged from the prior month, remaining well above the Fed's stated 2 percent target
Why it matters: With annual inflation stuck well above the Fed's 2 percent target, the central bank faces pressure to keep tightening, meaning continued higher borrowing costs for consumers and businesses rather than the relief markets have been hoping for.
Ask SkimNews
