US inflation rises to 3.6% in September, strengthening bets on Fed rate hike in December
US inflation rose in September as consumers paid more for gasoline and other goods. The rise strengthened economists’ expectations that the Federal Reserve (Fed) could increase interest rates in December. US inflation rose to 3.6% in September, increasing expectations of a Fed rate hike in December. (Pexel/Representative image) (Pexel) The Personal Consumption Expenditures (PCE) Price … Read more