Consumer prices climbed again in August, with inflation running well above the Federal Reserve's target for more than five years, and now traders see a 90 percent chance the central bank raises interest rates at its meeting next week. The Consumer Price Index rose 0.4 percent from July and 3.4 percent on an annual basis, […] The post August inflation data strengthens the case for another Fed rate hike appeared first on American Almanac .
Consumer prices climbed again in August, with inflation running well above the Federal Reserve's target for more than five years, and now traders see a 90 percent chance the central bank raises interest rates at its meeting next week. The Consumer Price Index rose 0.4 percent from July and 3.4 percent on an annual basis, the August report showed . Core inflation, which strips out volatile food and energy costs, came in at 0.3 percent for the month and 2.4 percent year-over-year. A narrower measure the Fed watches closely, services prices excluding energy and housing, sometimes called "supercore" inflation, accelerated to 0.5 percent in August, running at a 3 percent annual clip. Energy costs drove much of the headline number. Gasoline…Open
The Treasury's multibillion-dollar bond move is drawing skepticism on Wall Street, with investors warning it is simply too small to bring rates down or deliver the impact markets are hoping for.
NewEdge Wealth CIO Cameron Dawson discusses how her firm is viewing Federal Reserve Chairman Kevin Warsh’s decisions on rate hikes and the state of the economy on ‘Making Money.’ #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #makingmoney #federalreserve #fed #economy #economics #finance #markets #investing #investors #interestrates #inflation #consumers #spending #jobs #labor #employment #ratehikes #wallstreet #money
