Good news in US inflation report boosts chances Fed won’t hike rates

Image: The Guardian
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- 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…
Coverage
- New York Fed’s John Williams says “there is no need for urgency” after the central bank’s September hike.
- The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose sharply in August, underscoring why the central bank raised interest rates earlier this month for the first time in three years.