Stubborn August Inflation Bolsters Case for Fed Rate Hike — SkimNews
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- US Core CPI topped forecasts, according to a Bloomberg headline, bolstering the case for a Federal Reserve rate hike
- Inflation persisted in August, per a CNBC headline, potentially locking in a Fed rate hike and keeping pressure on the central bank to act
Why it matters: With core CPI exceeding expectations and inflation proving sticky in August, the Federal Reserve faces intensified pressure to raise interest rates, which would raise borrowing costs for consumers and businesses.
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