Federal Reserve Likely to Hike Rates
American authorities are heading towards raising interest rates at the upcoming Federal Reserve meeting amid rising inflation. August inflation data came in higher than expectations, with core inflation increasing by 0.3% month-on-month and annual inflation rising to 2.4%. Additionally, energy price indexes increased, driven by higher prices for oil, gasoline, and diesel, further intensifying inflationary pressures and reinforcing expectations of a 25 basis point rate hike. The likelihood of a rate increase has risen to 85%, with the goal of controlling inflation that has remained above the target for more than five years.
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