Tag: Inflation rate

Fed Rate Hike: Federal Reserve expected to raise interest rates at September meeting!

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Washington – Last month, when Federal Reserve Chairman Jerome Powell spoke at an economic conference in Jackson Hole, Wyoming, he issued a stark warning: The Fed’s campaign to curb inflation by aggressively raising interest rates, he said, would “bring some pain” to Americans. When the Federal Reserve wraps up its last meeting on Wednesday and Powell holds a press conference, Americans will likely get a better idea of ​​how much pain could be in store for them. The central bank is expected to raise its key short-term interest rate by…

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Inflation Rate: US economy will likely need drastic action from the Federal Reserve as food and shelter prices soar!

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New York City — Inflation in the US is showing signs of entering a more stubborn phase that will likely require tough action by the Federal Reserve, a shift that has panicked financial markets and raised the risks of a recession. Some of the old drivers of high inflation—rising gas prices, the hustle of supply chains, and soaring used-car prices—are fading. However, basic measures of inflation are actually getting worse. The continuing development of the forces behind the inflation rate, which is approaching its highest level in four decades, has…

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Cheaper gas likely slowed high US inflation for a 2nd month!

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Washington (AFP) – A sign that the painful inflation of the past 18 months may ease gradually could come on Tuesday, as the government is expected to report that the acceleration of prices in the United States slowed in August compared to last year for the second month in a row. Economists had expected the report to show prices jumping 8.1% from 12 months earlier, down from a four-decade high of 9.1% in June and 8.5% in July, according to data provider FactSet. The sharp drop in gas prices was…

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