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

Date:


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. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related

When are the train strikes in October? RMT and Aslef announce new dates

The current train strike timetable from Aslef and...

Royal mail strikes: When are Royal Mail strikes? Peak periods to be hit by 19-day action

Royal Mail workers with the Communication Worker's Union...

Nutrition labels on the front of packages? Biden administration pushes for next steps

The White House announced that the Food and...

House Jan. 6 committee hearing postponed because of Hurricane Ian

WASHINGTON – The House committee investigating the Jan. 6,...