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Inflation Data Scrambles Fed Rate Outlook Again
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With only a week to go before a pivotal Federal Reserve monetary policy meeting, the outlook for interest rates has been rattled yet again.
On Tuesday, the Labor Department reported consumer level inflation broadened in August after some recent data had pointed to the possibility that the worst of the price pressure surge had crested. The consumer-price index rose 8.3% last month from a year earlier and core CPI, which excludes food and energy, increased by 6.3% over the same period.
Read more on wsj.comAbout this in other media
How Fed Rate Increases Hit Americans’ Monthly Budgets wsj.com /2 years ago
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Bank of England may tackle inflation with major interest rate hike theguardian.com /2 years ago
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