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Tag: CPI Data

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Stubbornly High Rents, Food Prices Boost US Inflation in August
U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare, giving the Federal Reserve ammunition to deliver a third 75 basis points interest rate hike next Wednesday....
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Wall Street Tumbles to Biggest Loss in Two Years Following CPI Data
A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the coming months. All three major...