US Federal Reserve expected to stay the course as US consumer prices set to remain high in September
US Consumer Price data for the month of September will be released later this Thursday, and is expected to stay high. Core prices, which exclude food and energy, are expected to have increased 6.5 percent annually last month, a rate not seen in 40 years. The data will be crucial for the US Federal Reserve ahead of its next meeting in early November, as it decides whether or not to continue with its aggressive rate-hiking policy.
US Consumer Price data for the month of September will be released later this Thursday, and is expected to stay high. Core prices, which exclude food and energy, are expected to have increased 6.5 percent annually last month, a rate not seen in 40 years. The data will be crucial for the US Federal Reserve ahead of its next meeting in early November, as it decides whether or not to continue with its aggressive rate-hiking policy.
