W

U.S. inflation rises again and stays well above Fed’s target. Rate hike might be in play.

Business Management
Share
U.S. inflation rises again and stays well above Fed’s target. Rate hike might be in play.

The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose at an elevated rate in July, potentially pushing the Federal Reserve closer to a vote to raise interest rates next month.

U.S. inflation rises again and stays well above Fed’s target. Rate hike might be in play.

Source：MarketWatch

Disclaimer：Please read market information rationally and stay aware of investment risks. All content on this site is for informational purposes only and does not constitute investment advice.

Related Reading

Live updates: Yen rally and rising bond yields pressure bitcoin and risk assets

Bitcoin, gold and technology stocks fall as the yen rallies, while oil prices and government bond yields climb globally. Source：CoinDesk

Why the Dow is being dragged down by a Swiss company’s bad news

Futures on the Dow were significantly worse than the S&P 500 because of a cardiovascular drug’s latestage setback. Source：MarketWatch

Cronos confirms $9.2M slipped away before Tectonic exploit rollback

Cronos’s postmortem put the Tectonic exploit’s affected borrowing at $120.4 million, with 7.6% transferred offnetwork before validators intervened.…

Swiss stablecoin sandbox enters testing phase, adds two new partners

Financial market operator SIX and payment app TWINT have joined numerous banks in the sandbox seeking to develop a Swiss francbased stablecoin.…

Source：https://www.marketwatch.com/story/u-s-inflation-rises-in-july-and-stays-well-above-feds-target-b4e6109c