US consumer inflation picks up in August
U.S. headline PCE inflation rose 3.4% in August and core PCE hit 3.0%, both coming in below forecasts as revised Bureau of Economic Analysis measurement methods took effect. Despite the slight cooling, price gains remain elevated while Americans increase their spending. This dynamic presents a challenge for voters ahead of the midterm elections. Meanwhile, Asian stocks are mixed as investors await key U.S. jobs data that will influence the Federal Reserve interest-rate path, while elevated bond yields and oil prices weigh on risk appetite.
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- ✓ U.S. headline PCE inflation rose 3.4% in August.
- ✓ Core PCE inflation reached 3.0% in August.
- ✓ August PCE inflation figures came in below forecasts following revised Bureau of Economic Analysis measurement methods.
- ✓ Americans ramped up their spending last month while price gains remained elevated.
What changed
New data shows headline PCE inflation reached 3.4% in August under revised Bureau of Economic Analysis measurement methods.
Live updates
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US Headline PCE Inflation Hits 3.4% in August Below Forecasts
U.S. headline PCE inflation rose 3.4% in August and core PCE hit 3.0%, both coming in below forecasts as revised Bureau of Economic Analysis measurement methods took effect. Despite the slight cooling, price gains remain elevated while Americans increase their spending. This dynamic presents a challenge for voters ahead of the midterm elections. Meanwhile, Asian stocks are mixed as investors await key U.S. jobs data that will influence the Federal Reserve interest-rate path, while elevated bond yields and oil prices weigh on risk appetite.
Why it matters
Investors and policymakers monitor inflation and spending data closely to gauge the Federal Reserve monetary policy trajectory. Elevated bond yields and oil prices continue to shape global financial markets and investor sentiment. Consumer price pressures also intersect with political considerations as the midterm elections approach.
What is confirmed
- U.S. headline PCE inflation rose 3.4% in August.
- Core PCE inflation reached 3.0% in August.
- August PCE inflation figures came in below forecasts following revised Bureau of Economic Analysis measurement methods.
- Americans ramped up their spending last month while price gains remained elevated.
Still unconfirmed
- Philippine inflation may have quickened in September due to bad weather pushing up food prices, surging fuel costs, and a weaker peso.
- The Bangko Sentral ng Pilipinas expects inflation to stay above its 3% target for a seventh straight month.
What to watch next
- Upcoming U.S. jobs data release
- Federal Reserve interest-rate path decisions
- Voter sentiment shifts ahead of midterm elections
confidence 100%Sources used for this update (5)
- finance.yahoo.com — Asia stocks mixed ahead of U.S. jobs data; Hong Kong shares drop 3%
- www.newsday.com — Inflation cooled slightly last month even as consumers stepped up spending - Newsday
- www.adn.com — Inflation cooled slightly last month even as consumers stepped up spending - Anchorage Daily News
- en.sedaily.com — U.S. August PCE Inflation at 3.4%, Below Forecasts - Seoul Economic Daily
- bworldonline.com — September inflation likely quickened - BusinessWorld Online
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US Core Inflation Hits 3.0% in August as Energy Shock Hits
US inflation remained stubbornly elevated in August, driven by an energy shock from an Iran oil standoff and war-driven energy pressures. The personal consumption expenditures price index showed core inflation at 3.0% for the month. While the gauge rose less than expected compared to Dow Jones consensus projections, it stayed well above the Federal Reserve target. This reading coincides with gold crashing to a seven-week low and expectations for a Federal Reserve rate hike climbing to 70%. Treasury Secretary Scott Bessent urged policymakers to keep an open mind on interest rates.
Why it matters
This inflation data arrives alongside a broader market tension in September 2026, marked by falling consumer confidence, jumping Treasury yields, and a 15-week low for the ASX 200. Federal Reserve officials are weighing incoming economic data that points to a strengthening economy against conflicting signals from corporate credit and rate volatility. While some officials argue for higher rates, the debate involves balancing immediate energy shocks against long-term productivity gains from artificial intelligence.
What is confirmed
- The personal consumption expenditures price index showed core inflation at 3.0% in August.
- Gold fell to a seven-week low as an Iran oil standoff rattled markets.
- Treasury Secretary Scott Bessent urged Federal Reserve policymakers to keep an open mind on interest rates.
Still unconfirmed
- Key economic reports due this week are expected to add further evidence that the US economy is strengthening.
What to watch next
- Incoming US economic data and its impact on the October Federal Reserve meeting.
- Developments in the Iran oil standoff and subsequent energy price shocks.
confidence 90%Sources used for this update (9)
- finance.yahoo.com — Key US Data This Week Seen Bolstering Case for October Rate Hike
- www.consumerreports.org — 9 Ways to Save on Fresh Food
- coincentral.com — Gold Crashes 3% as Iran Oil Standoff Rattles Markets
- finance.yahoo.com — Bessent Urges Fed to Keep ‘Open Mind’ on US Inflation Outlook
- www.empower.com — Inflation at 2.9% as shelter inches higher, electricity ... -...
- tradingeconomics.com — United States Inflation CPI News 454788} - TRADING ECONOMICS
- www.cnbc.com — Fed’s preferred gauge showed core inflation at 3.0% in August ...
- www.cnn.com — US inflation remained stubborn last month as Iran war ... - CNN
- www.foxbusiness.com — August PCE: Fed's favored inflation gauge rose less than ...
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US Consumer Inflation Fears Clash With Robust Business Growth
A divide has emerged in September 2026 between falling consumer confidence and strong business demand. While corporate credit remains firm, Treasury yields are jumping and rate volatility is spiking. Richmond Fed President Barkin stated it is time to push back on inflation, noting a previous trend did not last. This tension arrives as the ASX 200 hit a 15-week low, with investors shifting toward defensive healthcare and consumer staples stocks. Markets are now weighing these conflicting signals to predict Federal Reserve interest rate movements.
Why it matters
The Federal Reserve adjusts benchmark interest rates to manage inflation or stimulate economic growth. Current volatility in Treasury yields puts pressure on equity valuations. This environment forces investors to balance resilient corporate earnings against rising borrowing costs.
What is confirmed
- Richmond Fed President Barkin stated it is time to push back on inflation.
- The S&P/ASX 200 Index reached a 15-week low.
Still unconfirmed
- Treasury yields are jumping and rate volatility is spiking.
What to watch next
- Federal Reserve decisions on benchmark interest rates
- Upcoming factory growth and vehicle sales data releases
confidence 70%Sources used for this update (5)
- www.briefs.co — Corporate bonds are hanging tough while Treasuries wobble. How long can that last?
- insurancenewsnet.com — Barkin says it's time to push back on inflation
- www.livemint.com — The week ahead in numbers: Factory growth, GST collections, vehicle sales
- www.fool.com.au — Investors get defensive as ASX 200 drifts to a 15-week low
- www.interactivecrypto.com — The Consumer-Business Divide Shaping Markets and Fed Bets Today
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US Treasury Yields Rise and Bond Selloff Pressures Stocks
Recent bond market selloffs have driven up United States Treasury yields, increasing pressure on equity valuations while global economic adjustments continue. Mortgage and borrowing rates face persistent upward pressure tied to geopolitical conflict, though low housing demand offers potential leverage for buyers. Central banks globally navigate inflation risks and economic growth, with Ghana maintaining its monetary policy rate steady at 14 percent. Investors weigh resilient corporate earnings against the backdrop of elevated yields not seen in nearly two decades.
Why it matters
Global financial markets face ongoing pressure as central banks respond to persistent inflation shocks and elevated interest rate expectations. United States Treasury yields recently reached their highest levels since 2007 alongside robust business activity metrics. Elevated borrowing costs continue to influence purchasing decisions across housing and equity markets worldwide.
What is confirmed
- A recent bond selloff has sharply lifted United States Treasury yields.
- The Bank of Ghana maintained its Monetary Policy Rate unchanged at 14 percent while assessing risks to inflation and economic growth.
Still unconfirmed
- Rates are not likely to come down until the Iran war is over.
What to watch next
- Future trajectory of United States Treasury yields and equity market responses
- Developments regarding the Iran war and its impact on borrowing rates
- Subsequent central bank policy rate announcements concerning inflation risks
confidence 90%Sources used for this update (3)
- seekingalpha.com — The Ultimate 5% Yield Game: Bonds Vs. Stocks
- www.adomonline.com — BoG maintains Monetary Policy Rate at 14%
- www.cnbc.com — Here's the surprising reality for home shoppers who buy when rates are high
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US Treasury yields hit 2007 peak as global inflation risks persist
US 10-year Treasury yields reached their highest level since 2007 on Wednesday as US business activity hit a five-year high. The S&P Global flash US Composite PMI Output Index rose to 58.4 in September, the highest mark since July 2021. Globally, central banks are reacting to inflation; the Reserve Bank raised rates by 25 basis points due to fuel price shocks and elevated expectations. Meanwhile, Singapore reported core inflation rising to 2.2% and headline inflation reaching 2.3% in August.
Why it matters
These developments follow warnings from Federal Reserve officials about potential rate hikes to combat stubborn inflation. Markets are currently balancing strong US business demand and AI growth against Middle East oil disruptions and rising borrowing costs.
What is confirmed
- The S&P Global flash US Composite PMI Output Index increased to 58.4 in September, the highest level since July 2021.
- US 10-year Treasury yields reached their highest level since 2007 on Wednesday.
- The Reserve Bank increased rates by 25 basis points citing inflation risk and fuel price shocks.
Still unconfirmed
- Singapore core inflation rose to 2.2% and headline inflation rose to 2.3% in August.
- S&P, Fitch, and ADB raised India's FY27 economic growth forecasts to 7%.
- Donald Trump claimed the US has its best economic numbers in history.
What to watch next
- Federal Reserve decisions on further interest rate increases
- Updates on Middle East oil supply stability
- Future US Composite PMI Output Index readings
confidence 90%Sources used for this update (7)
- www.businesstimes.com.sg — Singapore core inflation picks up to 2.2% in August; analysts mixed on MAS response
- www.businessday.co.za — Reserve Bank lifts rates 25 basis points, citing inflation risk
- www.businessday.co.za — Inflation forces Reserve Bank to hike rates despite weak GDP growth
- live.euronext.com — US stocks fall as 10-year Treasury yield hits highest since 2007
- finance.yahoo.com — Fed's Higher-for-Longer Stance: 3 Picks as AI, Oil & Markets Diverge
- finance.yahoo.com — Trump Says the US Has Its ‘Best Economic Numbers.’ Here’s What Matters for Your Money
- www.forbesindia.com — India GDP growth gets a wave of upgrades after robust Q1 show
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Federal Reserve signals further rate hikes to combat inflation
Federal Reserve Bank of St. Louis President Alberto Musalem stated that additional interest rate increases may be necessary to return inflation to the central bank's target. Another Federal Reserve official suggested the bank might need to accept higher unemployment to address stubbornly high inflation. These signals come as global markets react to Middle East conflicts and shifting oil supplies. While some Asian markets rose due to AI demand, oil prices slipped to $98.9 as reports indicated higher output from the Middle East than previously estimated.
Why it matters
The Federal Reserve manages US monetary policy to balance price stability and employment. Persistent inflation often forces the bank to raise rates, which increases borrowing costs for consumers and businesses. This occurs while other nations, including Japan, have recently adjusted their own policy rates to manage price pressures.
What is confirmed
- Federal Reserve Bank of St. Louis President Alberto Musalem told Reuters that more interest rate increases may be needed to bring inflation back to the central bank target.
- Oil prices dropped to $98.9.
Still unconfirmed
- A Federal Reserve official claimed the war with Iran pushed her toward supporting a rate hike.
What to watch next
- Official Federal Reserve interest rate decision announcements
- Outcome of potential US-Iran talks
- UK Budget announcements regarding borrowing and inflation
confidence 80%Sources used for this update (5)
- www.channelnewsasia.com — Tech leads shares higher in Asia as oil slips
- www.nbcconnecticut.com — Federal Reserve official says Iran war pushed her toward supporting rate hike
- www.thehindubusinessline.com — Sensex today | Stock Market Highlights: Sensex falls 330 pts, Nifty closes at 23,329; oil slips to $98.9 ahead of potential US-Iran talks
- www.bbc.co.uk — Unexpected UK borrowing surge adds to pre-Budget pressure on chancellor
- finance.yahoo.com — US Fed President Musalem Highlights Need For More Rate Hikes To Curb Inflation
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Bank of Japan raises policy interest rate to 1.25%
The Bank of Japan increased its policy interest rate to 1.25% on September 18, 2026. This mark represents the highest rate level since 1995. The move follows a period of persistent price pressures, though August data showed a slight deceleration in inflation. The consumer price index excluding fresh food rose 1.7% in August, down from 1.8% in July. Despite this specific dip, the central bank is acting to combat broader inflationary trends.
Why it matters
Japan has struggled with persistent price pressures for several months. The central bank uses the policy interest rate to manage inflation and stabilize the economy. This latest hike signals a shift away from the ultra-low rate environment Japan maintained for decades.
What is confirmed
- The Bank of Japan raised its policy interest rate to 1.25% on September 18, 2026.
- The current interest rate is the highest level since 1995.
- Japan's consumer price index excluding fresh food rose 1.7% in August.
Still unconfirmed
- ICICI Bank Research reports that the Bank of Japan has room to accelerate rate hikes due to strong wage growth and rising producer prices.
What to watch next
- Further policy rate adjustments by the Bank of Japan
- September consumer price index data
- Updates on producer price trends in Japan
confidence 90%Sources used for this update (2)
- www.latestly.com — Business News | BoJ Has Room to Accelerate Rate Hikes as Inflation Pressures Build: Report
- note.com — [Rate Hike Series 1] What exactly does a 1.25% policy rate refer to? The Bank of Japan only sets one single rate
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Global Inflation Trends Diverge as Japan and Malaysia Report August Shifts
Inflation trends are splitting across Asian markets. Malaysia's consumer price index rose 1.9% year-on-year in August, exceeding the 1.8% median Bloomberg survey estimate due to higher costs for food, utilities, and transport. Conversely, Japan's inflation slowed for the first time in four months, with the consumer price index excluding fresh food rising 1.7% in August compared to 1.8% in July. Despite this dip, the Bank of Japan raised its benchmark interest rate to its highest level since 1995 to combat persistent price pressures.
Why it matters
These shifts occur as central banks worldwide struggle to meet inflation targets. The Federal Reserve recently raised rates to 3.75%-4%, and the Bank of Canada warned that inflation is expanding beyond fuel. Geopolitical conflict in the Middle East and high oil prices continue to pressure global costs.
What is confirmed
- Malaysia's consumer price index rose 1.9% in August compared to August 2025.
- Japan's consumer price index excluding fresh food rose 1.7% in August.
- The Bank of Japan increased its benchmark interest rate to the highest level since 1995.
- Malaysia's month-on-month inflation index increased 0.3% in August.
Still unconfirmed
- Washington expresses optimism regarding repairs to Saudi Arabia's pipeline and Red Sea terminal.
What to watch next
- Updates on Saudi Arabia's pipeline repair status
- Further interest rate decisions from the Bank of Canada
- US consumer inflation data for August
confidence 90%Sources used for this update (4)
- www.hngn.com — Brent Falls Below $104 as US Voices Optimism on Pipeline Repair
- www.klsescreener.com — Malaysia inflation speeds up in August, underlying price growth slows
- www.japantimes.co.jp — Japan’s inflation slows for the first time in four months
- www.marketscreener.com — Japan's Central Bank Picks Up Pace of Tightening With Rate Hike--Update
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Trump demands rate cuts as Fed raises interest rates to 3.75%-4%
The Federal Reserve increased interest rates to 3.75%-4%, the first hike since 2023, to combat inflation that has not returned to its 2% target. Donald Trump responded by calling for rates of 1% or less. While European markets remained positive on Thursday as investors processed the Fed meeting, the Bank of Canada indicated potential rate hikes due to concerns that inflation is spreading beyond fuel prices. Federal Reserve Chair Kevin Warsh previously described inflation levels as "too high," signaling that further monetary tightening is expected.
Why it matters
This policy shift ends a three-year period of stable rates. Higher borrowing costs aim to cool consumer prices but often trigger volatility in global equity markets and trade tensions.
What is confirmed
- The Federal Reserve raised interest rates to 3.75%-4%.
- This is the first rate increase since 2023.
- Federal Reserve Chair Kevin Warsh described inflation levels as "too high."
Still unconfirmed
- The Bank of Canada may raise rates as inflation spreads beyond fuel prices.
- Renewed trade tensions exist between the EU and the US.
What to watch next
- Further monetary tightening announcements from the Federal Reserve.
- Official inflation data showing progress toward the 2% target.
confidence 90%Sources used for this update (3)
- www.marketscreener.com — Europe picks up speed like inflation; MIB at 52,200
- www.mpamag.com — Bank of Canada signals rate hike threat amid oil price pressure
- www.ibtimes.co.uk — 'Lower Rates Fast': Trump Warns Fed as US Stocks Drop After First Rate Hike Since 2023
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Federal Reserve raises interest rates by 0.25 percentage points
Federal Reserve Chair Kevin Warsh announced a 0.25 percentage point interest rate hike to address inflation levels he described as "too high." The move represents the first rate increase in three years. While global stocks rose as oil prices declined on Wednesday, the Fed indicated that further monetary tightening is expected. This action follows a period of intense market pressure and rising costs for consumers, including fuel and transport, which have affected both the US and UK economies.
Why it matters
The rate hike follows a surge in the US 10-year Treasury yield above 5% and oil prices that topped $100 a barrel. These conditions led to retail disruptions, such as purchase limits at Costco. The Fed now seeks to stabilize prices through more aggressive borrowing costs.
What is confirmed
- Federal Reserve Chair Kevin Warsh raised interest rates by 0.25 percentage points.
- Kevin Warsh described the decision to raise rates as "serious" and necessary because inflation is "too high."
- Global stock markets rose as oil prices declined on Wednesday.
Still unconfirmed
- UK consumer price inflation accelerated to 3.1% in August due to transport costs.
- Producer price inflation in the UK increased amid rising oil prices.
What to watch next
- Additional Federal Reserve tightening measures
- Future US consumer price index reports
- Changes in the US 10-year Treasury yield
confidence 90%Sources used for this update (3)
- www.marketscreener.com — UK inflation accelerates to 3.1% in August as expected on fuel costs
- finance.yahoo.com — Stocks head higher as traders prepare for Fed decision
- www.channelnewsasia.com — US Fed raises rates to tackle 'too high' inflation, sees more tightening ahead
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US Treasury yield tops 5% as Fed prepares first rate hike in three years
The Federal Reserve is expected to raise interest rates this Wednesday to combat elevated inflation and oil prices exceeding $100 a barrel. This potential move would mark the first rate hike in three years. Market pressure is mounting as the US 10-year Treasury yield has surpassed 5% for the first time since 2023. Consumer impacts are visible in retail, where some motor oil prices have nearly doubled and purchase limits have been implemented at Costco.
Why it matters
Federal Reserve Chairman Kevin Warsh faces a critical test of independence amid demands from President Donald Trump to avoid rate increases. The current inflationary spike is driven by crude oil costs, which are impacting both household budgets and business operations. This economic volatility coincides with the lead-up to the midterm elections.
What is confirmed
- The Federal Reserve is expected to raise interest rates on Wednesday.
- Oil prices have topped $100 a barrel.
- The US 10-year Treasury yield has risen above 5% for the first time since 2023.
- The Federal Reserve has not raised interest rates in three years.
Still unconfirmed
- Voters may hold President Trump directly responsible for oil prices in the midterm elections.
What to watch next
- The Federal Reserve's official interest rate decision on Wednesday
- Further movement in the US 10-year Treasury yield
- Official August inflation data reports
confidence 90%Sources used for this update (8)
- www.usatoday.com — Is the $40 trillion US debt a sign of a coming crisis
- www.businesstimes.com.sg — US 10-year Treasury yield tops 5% for first time since 2023 as inflation fears mount
- www.theatlantic.com — Gas Prices Could Cost Republicans the Midterms
- finance.yahoo.com — Fed meeting live updates: Anticipation builds with Fed expected to hike interest rates for first time in 3 years
- finance.yahoo.com — The Oil Crisis Has Reached Costco’s Motor Oil Aisle
- journalrecord.com — Fed’s Warsh faces inflation test as rate hike looms
- seekingalpha.com — I Will Keep Rating RH A Sell - As Long As Inflation And Interest Rates Are High
- www.news8000.com — Federal Reserve is expected to raise its benchmark rate, defying Trump's demands
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US Inflation Quickens as Rate Traders Price in Federal Reserve Hike
US consumer inflation accelerated in August, driven by surging gasoline and diesel prices that have increased household and business costs. Spot gold slipped to $4,327 following its third weekly decline as an oil rally stoked expectations of monetary tightening. Rate traders priced the probability of a Federal Reserve rate hike between 85% and 87% ahead of the central bank policy meeting. President Donald Trump previously praised hand-picked Federal Reserve chairman Kevin Warsh at a White House swearing-in ceremony in May, encouraging him to maintain total independence.
Why it matters
Inflationary pressures have complicated economic decisions for consumers and policymakers alike. The Federal Reserve faces an impending decision on interest rates amid oil prices sitting above $100. Markets are tracking broader economic indicators including retail sales and upcoming corporate earnings.
What is confirmed
- US consumer inflation accelerated in August, driven by gasoline and diesel price increases.
- Traders estimate an 85% to 87% probability of a Federal Reserve interest rate hike.
- Spot gold traded at $4,327 following its third weekly fall.
- President Donald Trump praised hand-picked Federal Reserve chairman Kevin Warsh during a May White House ceremony.
Still unconfirmed
- The Federal Reserve is expected to raise interest rates on Wednesday.
What to watch next
- The upcoming Federal Reserve rate decision and accompanying policy announcements
- Upcoming retail sales data and oil price movements above $100
- Corporate earnings and retail updates from companies including Lennar
confidence 100%Sources used for this update (7)
- www.wral.com — America In Focus: inflation accelerated in August, home sales weaken and diesel prices soar
- cryptoslate.com — Why Bitcoin initially held its gain as rate traders put September hike odds at 85%
- inc42.com — ESDS Soars 92% To Lead New-Age Tech Stocks This Week, MDR Hopes Lift Fintechs
- coincentral.com — The Week Ahead: Fed Rate Decision, Retail Sales and Oil Prices Set to Drive Wall Street
- finance.yahoo.com — Fed’s Warsh on Collision Course With Trump as Rate Hike Looms
- www.thehindubusinessline.com — Gold slips as oil rally fans rate hike bets ahead of Fed meeting
- www.afr.com — ASX flat; FleetPartners surges 12pc
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US Consumer Inflation Accelerates in August as Gas Prices Spike
US consumer prices rose 0.4% in August, with annual inflation reaching 3.4%. The acceleration was driven largely by surging gasoline prices following renewed conflict in the Middle East. Core costs also climbed, topping forecasts and reinforcing expectations that the Federal Reserve will raise interest rates next week. Despite the sticky inflation data, US stocks rose on Friday, with the Dow gaining 1.23%, the S&P 500 1.05%, and the Nasdaq 1.08%, supported by a subsequent fall in oil prices.
Why it matters
Persistent inflation puts pressure on the Federal Reserve to maintain a restrictive monetary policy. This occurs as midterm elections approach in seven weeks, making affordability a primary concern for voters. Former President Trump has expressed opposition to further rate hikes.
What is confirmed
- Consumer prices increased 0.4% in August.
- Annual inflation reached 3.4% in August.
- Surging gasoline prices contributed to the rise in August consumer prices.
- The Dow gained 1.23%, the S&P 500 1.05%, and the Nasdaq 1.08% on Friday.
- Core CPI figures exceeded forecasts.
Still unconfirmed
- Diesel prices are soaring.
What to watch next
- Federal Reserve interest rate decision next week
- Upcoming midterm election polling regarding economic affordability
confidence 95%Sources used for this update (17)
- Reuters — Gasoline likely to boost US consumer prices in August
- AP News — Inflation report lands amid spiking oil prices, rising interest rates and Fed on fence
- WSJ — Stock Market Today: Dow Futures Tick Up, Yields Edge Lower as Investors Await CPI Report — Live Updates
- CNN — Even a cooler inflation report may not be enough to keep the Fed from raising rates next week
- cnbc.com — Inflation held sticky in August, with consumer prices rising 3.4% annually and core costs climbed
- economictimes.indiatimes.com — Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks climb as inflation data, falling oil lift sentiment
- reuters.com — US consumer inflation picks up in August
- CBS News — Fed rate hike in September is all but guaranteed after CPI report, economists say
- nytimes.com — Elevated Inflation Keeps Pressure on Fed to Raise Rates
- Honolulu Star-Advertiser — U.S. consumer inflation picks up in August as gas prices surge
- Bloomberg.com — US Core CPI Tops Forecasts, Bolstering Case for Rate Hike
- Bloomberg.com — Hot US Inflation Pushes Fed Toward Rate Hike That Trump Opposes
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