Next Fed rate hike size may be based on soaring 'core' costs, not food and energy prices


It’ll be all about the core Wednesday morning when July consumer price data are released –the inflation rate that measures price changes of everything except food and energy.

Core inflation includes all items consumers pay for like rent, transportation, medical services, cars, recreation, clothing, and education And that core is expected to remain red hot, which could prompt the Federal Reserve to continue with aggressive rate hikes, economists say. 


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