Good news in US inflation report boosts chances Fed won’t hike rates
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Business category. Published on September 30, 2026 • Originally reported by Guardian staff and agencies. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Business category. Published on September 30, 2026 • Originally reported by Guardian staff and agencies. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
Traders see an about 35% chance of an October rate hike, down from about 45% following White House pressure
Good economic news boosted Wall Street’s main indexes on Wednesday, as a softer-than-anticipated inflation reading buoyed hopes that the Federal Reserve might not hike rates as soon as next month.
A commerce department report showed the personal consumption expenditures (PCE) price index stood at 3.4% on an annual basis in August against estimates of 3.7%, per economists polled by Reuters.
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