Stubborn inflation raises prospect of Fed rate hike
Prices for goods and services have remained stubbornly high. Oil prices have also risen, and interest rates are climbing. The Federal Reserve, which manages the nation's money supply, is now likely to raise its key interest rate next week in response. An inflation report due soon is expected to be particularly important in shaping economic decisions.
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The story so far
2 developments- Sep 10Stubborn inflation raises prospect of Fed rate hike
- Sep 11Inflation report lands amid spiking oil prices, rising interest rates and Fed on fence
Who covered each development
No new developments
Quiet for 18 daysLast development · Sep 11 — Inflation report lands amid spiking oil prices, rising interest rates and Fed on fence
The bigger story
This story is one of several related ones. Here's where it sits.
Left
4 viewpointsAugust inflation report could set the path for interest rates, affordability
Center
6 viewpointsInflation report lands in a time of spiking oil prices, rising interest rates and Fed on fence
Right
3 viewpointsInflation rises 3.4% in August in last report before Fed’s interest-rate decision
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Inflation report lands amid spiking oil prices, rising interest rates and Fed on fence
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