https://www.live-feeds.com/feed/stubborn-inflation-raises-prospect-of-fed-rate-hikeContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/stubborn-inflation-raises-prospect-of-fed-rate-hikehttps://www.live-feeds.com/feed/stubborn-inflation-raises-prospect-of-fed-rate-hike#u67303Sun, 13 Sep 2026 23:21:54 +0000U.S. consumer inflation accelerated in August with annual prices rising 3.4%, driven largely by spiking gas prices. Core costs also climbed and exceeded forecasts, strengthening the case for the Federal Reserve to increase interest rates next week. Economists suggest a September rate hike is now almost certain, while market odds for the move have surged to 90%. This stubborn price pressure comes as the Fed remains undecided on its next step amid a backdrop of rising interest rates and volatile oil prices.Why it mattersThe Federal Reserve manages inflation by adjusting interest rates to cool ec