Consumer prices — a key inflation gauge — hotter than expected in August
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Consumer prices — a key inflation gauge — hotter than expected in August

ByNews Polite

A key inflation indicator showed higher-than-expected increases in core prices in August, adding more pressure on the Federal Reserve to act despite the risk of a deeper recession. Consumer prices increased by 6.2% in August compared to the same month one year ago, according to the Commerce Department’s Personal Consumption…

Fed’s future rate hikes hinge on inflation data: minutes
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Fed’s future rate hikes hinge on inflation data: minutes

ByNews Polite

Federal Reserve officials said last month that the pace of future interest rate increases would hinge on incoming data, with some saying rates would need to stay at a “sufficiently restrictive level” for “some time” in order to control inflation, according to the minutes of the July 26-27 session. Participants…