U.S. inflation rises, keeping pressure on Fed
The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose sharply in August, underscoring why the central bank raised interest rates earlier this month for the first time in three years.
The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose sharply in August, underscoring why the central bank raised interest rates earlier this month for the first time in three years. This story matters for Finance & Markets readers tracking finance. Reported by marketwatch.com. Read the full original at the source link below.
Originally reported by marketwatch.com. InvestorsWire.com curates and briefs the finance & markets stories that matter. Our editorial policy →
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