Fed Rate Hike Odds Rise After July Inflation Data
Expectations for a Federal Reserve rate hike increased Wednesday following a government report showing July inflation rose more than anticipated. The core personal consumption expenditures price index held at 3.3 percent.
The case for a Federal Reserve interest-rate hike gained momentum on Wednesday after a government report showed inflation in July rose to 3.7%. That figure outpaced expectations and signals persistent price pressures in the United States.
