S&P 500 up, strong inflation data firms rate-hike bets

Gold edges lower as hot US inflation bolsters Fed rate hike bets

Underlying inflation rises in August, with core consumer price index up 0.3% on the month Read more at The Business Times.

Gold Edges Lower as Hot US Inflation Bolsters Fed Rate-Hike Bets

Gold edged lower, after hotter-than-expected US inflation data raised prospects that the Federal Reserve will hike interest rates later this week.

S&P 500 up, strong inflation data firms rate-hike bets

Strong consumer price data reinforced expectations the Fed will raise interest rates to fight inflation, as oil prices fell and Wall Street ended higher.