Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story Stubborn inflation raises prospect of Fed rate hike The Federal Reserve appears increasingly likely to hike interest rates next week, as inflation remains stubbornly elevated amid the war with Iran. © AP Photo/Julio Cortez New data...
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story Stubborn inflation raises prospect of Fed rate hike The Federal Reserve appears increasingly likely to hike interest rates next week, as inflation remains stubbornly elevated amid the war with Iran. © AP Photo/Julio Cortez New data...
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The Federal Reserve appears increasingly likely to hike interest rates next week, as inflation remains stubbornly elevated amid the war with Iran. New data out Friday showed annual inflation remained unchanged in August, still well above the central bank’s target 2 percent rate. This is raising expectations of a rate hike, even as President Trump pushes...