Stubbornly High Inflation Keeps Pressure On Fed To Hike Interest Rates
• U.S. inflation remained at 3.4% in August, increasing pressure on the Federal Reserve to raise interest rates. • The Federal Open Market Committee will meet next week to decide on a rate hike following a surge in fuel prices caused by the war in Iran. • A decision to raise rates would increase borrowing costs for all types of loans across the economy.
investopedia.com

