US Interest Rate Decision: Can Growing Inflation Generate Another Hike?
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This article is originally referred from AvaTrade News.
US Interest Rate: The Year Isn’t Over Yet!
US Federal Reserve Bank is once again at the focus with Federal Funds Rate and decision a statement on Wednesday, September 20th at 12:30 (GMT).
While talks on tax reform are taking place, the analysts have been emphasizing the low potential for another rate hike this year as the US inflation struggled to meet the Fed’s expectations.
However, the main inflation indicator being the Consumer Price Index for August, gave better than expected results with a solid 0.4% increase.
Will strong CPI report encourage the Fed to plan another rate hike this year?
Original Source: AvaTrade News