18 Hrs
Source:
المشهد العربي
Pressure mounts on Fed to raise rates
The United States is facing increasing pressure to decide on raising interest rates during the upcoming monetary policy meeting, after an official report showed a surge in consumer prices in August. Core inflation, which excludes food and energy, rose by 0.3% from the previous month, boosting the chances of a rate hike to over 85% according to market expectations, amid speculation that the Federal Reserve may implement additional increases in the coming months. This trend is linked to the Federal Reserve's ongoing fight to curb inflation that has persisted for more than five years.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)