Sticky Inflation Seen Limiting Fed to Smaller Rate Cut Next Week
Washington, September 12 (Patrika English News): A firmer US inflation reading for August is unlikely to derail the Federal Reserve’s plan to cut interest rates next week, but analysts say it rules out a larger half-point reduction. The Consumer Price Index (CPI) showed core inflation, excluding food and energy, held steady at 3.1% year-on-year in … Read more