Firm Inflation Reading Pushes Fed Closer to a Rate Increase
U.S. inflation remained at 3.4% in August, matching expectations and stoking Fed rate hike speculation for next week. Rising rates would increase financing costs for tech companies and startups, tightening capital availability and forcing leaner budget allocation.
Firm Inflation Reading Pushes Fed Closer to a Rate Increase
The annual U.S. inflation rate held steady at 3.4% in August, matching analyst expectations.
Consumer Sentiment Is Lower in September, per Michigan Survey
The survey's index stands at 47.8, versus the 51.7 recorded at the end of August, bringing sentiment back down toward historical lows reached earlier this year.
U.S. Stocks Gain as Inflation Figure Boosts Odds of Rate Hike
Inflation Holds at 3.4% in August, Bolsters Rate Hike Wagers
US inflation holds at 3.4% as monthly price rises hit fastest pace since May
US inflation holds steady at 3.4% ahead of Federal Reserve meeting
US inflation steady in August, fueling Fed rate hike expectations
Inflation stayed hot in August, as CPI rose at an annual rate of 3.4% — higher than economists expected
Fed rate hike odds rise to 90% after August CPI report
