Dow Jones Top Markets Headlines at 3 PM ET: Firm Inflation Reading Pushes Fed Closer to a Rate Increase | Consumer ...

Dow Jones Top Markets Headlines at 3 PM ET: 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.