Fed Chair under pressure to hike rates
The article discusses the Federal Reserve Chairman's expectations regarding interest rate hikes following the high inflation data in the United States. The data showed that the Consumer Price Index increased in August, with core inflation rising by 0.3% compared to the previous month, putting additional pressure on the central bank to decide on raising interest rates. This has led to more than an 85% chance of a rate hike at the September meeting, with expectations of a second increase in December. The decision depends on the continuation of rising inflation, especially in communication services, and opinions that reducing inflation requires more aggressive measures.
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