Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains and ensuring that the Federal Reserve will keep raising interest rates aggressively. Consumer prices, excluding volatile food and energy costs, jumped 6.6 per cent in September from a year ago the fastest such pace in four decades. And on a month-to-month basis, such core prices soared 0.6 per cent for a second straight time, defying expectations for a slowdown and signalling that the Fed's multiple rate hikes have yet to ease inflation pressures. Core prices typically provide a clearer picture of underlying price trends. Overall p
Hence then, the article about worsening inflation in us will pressure fed to keep raising interest rates was published today ( ) and is available onBusiness Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Worsening inflation in US will pressure Fed to keep raising interest rates )