Coverage dated September 10, 2026 to September 11, 2026
Stubborn inflation raises prospect of Fed rate hike
Headline from MyStateline, on the newest of 2 developments
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.
MyStateline's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
WASHINGTON (AP) — Friday’s inflation report is shaping up to be among the most consequential in years. Oil and gas prices have spiked again on the back of renewed combat in the Middle East. The Federal Reserve is considering whether to lift its short-term interest rate next week, with some officials…
Friday’s August inflation report could mark a pivotal moment for interest rates, affordability and Kevin Warsh, President Donald Trump’s new Fed chairman.
Friday’s inflation report is shaping up to be among the most consequential in years. Oil and gas prices have spiked again on the back of renewed combat in the Middle East. The Federal Reserve is considering whether to lift its…
The August consumer price index showed core CPI rose more than expected, likely sealing a Sept. 16 Federal Reserve rate hike. But S&P 500 futures rose.
The Consumer Price Index rose 3.4% on an annual basis, still stubbornly above the Fed’s 2% goal but the same rate as July, the Bureau of Labor Statistics said Friday. On a monthly basis, it rose at a 0.4% pace.
Elevated consumer prices, along with a stronger-than-expected jobs report this month, has traders of the Fed funds future rate betting on a rate hike next week.
Policymakers stipulated this summer that if inflation did not soon moderate, they stood ready to raise rates. Officials have yet to precisely define what “soon” means.
Investors believe the Fed will raise borrowing costs as it works to tame inflation, which has risen a full percentage point since the Iran war started.
Persistent U.S. inflation, running above the Federal Reserve’s target annual rate of 2% for nearly 5-1/2 years now, showed no signs of easing in the latest reading from the Labor Department, possibly setting the table for the first interest rate hike by the U.S. central bank since 2023.
Oil prices spiked to more than $100 per barrel this week, and with inflation remaining high investors are betting the Federal Reserve hikes interest rates next week.
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.
