U.S. inflation rises again and stays well above Fed’s target. Rate hike might be in play.
The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose at an elevated rate in July, potentially pushing the Federal Reserve closer to a vote to raise interest rates next month.
The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose at an elevated rate in July, potentially pushing the Federal Reserve closer to a vote to raise interest rates next month.
BELLINGS Intelligence Score: 72
Why it matters
The persistent rise in U.S. inflation above the Fed's target signals a likely interest rate hike, directly impacting borrowing costs and credit markets, making it a significant monetary-policy signal for credit professionals.
Sources
MarketWatch
U.S. inflation rises again and stays well above Fed’s target. Rate hike might be in play.
The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose at an elevated rate in July, potentially pushing the Federal Reserve closer to a vote to raise interest rates next month.