Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

Rising US inflation makes December interest rate hike more likely

Duration: 00:45s - Published: < > Embed
News video: Rising US inflation makes December interest rate hike more likelyMuch more expensive fuel was one of the reasons that US consumer prices recorded their biggest gain in five months in September – up 1.5 percent year-on-year and 0.3 percent higher compared to August. That was partly because last year’s lower energy prices dropping out of the calculation but it also suggested increasing demand. Rents were also up, recording their biggest increase in nearly 10 years. But food prices were unchanged in September for the third month running and the cost of food consumed at home declined for a fifth straight month. US headline #inflation rises to the highest level since October 2014! pic.twitter.com/pa5esF09Z6— jeroen blokland (@jsblokland) October 18, 2016 The numbers point to a steady pickup of inflation that could keep the Federal Reserve on track to raise the cost of borrowing in December. “The upward creep of prices weakens any argument against a rate increase in December,” said Anthony Karydakis, chief economic strategist at Miller Tabak in New York. “The economy is close to full employment and prices are starting to respond to that reality.” Fed Vice Chair Stanley Fischer said on Monday that the U.S. central bank was “very close” to its inflation and employment targets. The Fed lifted its benchmark interest rate last December and has held it steady since because of persistently low inflation.

Share on
Share on
Post on 
Share by

Recent related news

Even inflation at 3.5 per cent might not mean rate rise says BoE official

Even inflation at 3.5 per cent might not mean rate rise says BoE officialHigher inflation may not automatically lead to an interest rate rise, according to one of the Bank of...
City A.M. - Business

Fed hikes interest rates as inflation picks up

The US central bank has increased its benchmark interest rate for the first time since last December....
Deutsche Welle - BusinessAlso reported by •WorldNews

Japan's central bank holds steady on interest rate, stimulus

The Bank of Japan ended a policy meeting on Thursday by keeping the minus 0.1 percent benchmark...
SeattlePI.com - BusinessAlso reported by •S.China Morning PostSeattle TimesVOA News

Will mortgage rates rise? What to know about Fed rate hike

If, as everyone expects, the Federal Reserve raises its benchmark interest rate Wednesday afternoon...
SeattlePI.com - Business

Asian share markets gain, US dollar weaker after Fed hike

BEIJING (AP) — Asian stocks rose Thursday following a U.S. rate hike and a Eurosceptic party's...
SeattlePI.com - Business

You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+