Why 🐵 UnitedStatesNews-NoOpEd picked: Good news in US inflation report boosts chances Fed won’t hike rates

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Source: theguardian.com

<p>Traders see an about 35% chance of an October rate hike, down from ​about 45% following White House pressure</p><p>Good economic news boosted Wall Street’s main indexes on Wednesday, as a softer-than-anticipated <a href="https://www.theguardian.com/business/inflation" rel="nofollow noopener noreferrer ugc" target="_blank">inflation</a> reading buoyed hopes that the <a href="https://www.theguardian.com/business/federal-reserve" rel="nofollow noopener noreferrer ugc" target="_blank">Federal Reserve</a> might not hike rates as soon ⁠as next month.</p><p>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.</p> <a href="https://www.theguardian.com/business/2026/sep/30/inflation-report-interest-rates-fed" rel="nofollow noopener noreferrer ugc" target="_blank">Continue reading...</a>

Topics: TOP_STORIES, GENERAL_NEWS, BUSINESS, POLITICS, US