U.S. Inflation Accelerates in August, Raising Fed Rate-Hike Expectations
U.S. consumer prices accelerated in August, with the Consumer Price Index (CPI) rising 0.4% after a 0.1% increase in July, according to the Labor Department’s Bureau of Labor Statistics. Annual inflation held at 3.4%,...
U.S. Inflation Likely Picked Up in December as Shutdown Distortions Fade
U.S. consumer prices likely accelerated in December as temporary distortions caused by the 43-day government shutdown began to unwind, strengthening expectations that the Federal Reserve will keep interest rates unchanged this month. The shutdown...