Inflation Report Lands Amid Spiking Oil Prices, Rising Interest Rates and Fed on Fence
Friday’s inflation report is expected to show 3.3% annual price growth, a reading that could determine whether the Fed raises rates next week.
- The Federal Reserve is weighing a potential interest rate hike at its September 15-16 meeting, with today's inflation report serving as a critical indicator for officials divided on the decision.
- Renewed fighting in the Middle East has driven energy costs upward, pushing the nationwide average cost of a gallon of gas to $4.28 on Thursday, up 7% from a month ago.
- Fed governor Christopher Waller, one of 12 voting officials, indicated he would support holding rates if today's report shows cooling, while Chair Kevin Warsh suggested two weeks ago he was leaning toward a hike.
- Wall Street analysts anticipate a rate hike if core inflation rounds up to 0.3%, though a figure of 0.2% or lower could result in the Fed maintaining current rates.
- President Donald Trump promised $5,000 payments to every American adult if the GOP keeps a majority in Congress, seeking to counter voter concerns about high prices as midterm elections approach.
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20 Articles
Inflation report lands amid spiking oil prices, rising interest rates and Fed on fence – WTOP News
WASHINGTON (AP) — Friday's inflation report is shaping up to be among the most consequential in years. Oil and gas prices have spiked again on the back of renew
Inflation report lands amid spiking oil prices, rising interest rates
WASHINGTON (AP) — Friday’s inflation report is shaping up to be among the most consequential in years. Oil and gas prices have spiked again on the back of renewed combat in the Middle East . The Federal
Brent price again above the psychological threshold of 100 dollars - The average nationwide price of unleaded gasoline is at 2.10 euros/liter The post Oil sets prices and inflation on fire appeared first on in.gr.
Price developments in the United States, announced this Friday, could be decisive for the central bank's decision on interest rates at its next meeting, in a context of strong pressure from Donald Trump.
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