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مصراوي
Will inflation prompt Fed rate hikes in October
The US inflation rate rose by 0.6% month-on-month and 3.7% year-on-year in September, surpassing economists' expectations, driven by a rise in gasoline prices. This increases pressure on the Federal Reserve to raise interest rates during the October or December meetings, with attention focused on employment data and consumer confidence. This possible increase in interest rates could support the dollar while causing gold prices to decline. It also impacts borrowing costs, leading to higher yields on US bonds, and presents economic and political challenges—especially with ongoing pressures on the market and rising living costs.
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