The Afternoon Update with Lynlee Foo (1pm – 4pm)The Afternoon Update with Lynlee Foo (1pm – 4pm)

Money in the Market: Rising US inflation: how does it impact the Fed's upcoming interest rate decisions?

View descriptionShare

US inflation accelerated in August for the second consecutive month, pushed up by rising gas prices.

According to data from the Bureau of Labor Statistics, core inflation, however - which excludes volatile food and energy prices - continued to slow.

The Consumer Price Index, a closely watched inflation gauge, rose 3.7% in August from a year earlier, up from July’s 3.2% rise. 

On a month-to-month basis, prices rose 0.6% in August, compared with a 0.2% gain in July.

So what can we make of these numbers and how might it impact the Fed’s FOMC meeting next week?

On Money in the Market, Emaad Akhtar speaks to Sani Hamid, Director for Wealth Management, Financial Alliance to find out more. 

  • Facebook
  • X (Twitter)
  • WhatsApp
  • Email
  • Download

In 1 playlist(s)

  1. The Afternoon Update with Lynlee Foo

    2,550 clip(s)

The Afternoon Update with Lynlee Foo (1pm – 4pm)

Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency,  
Social links
Follow podcast
Recent clips
Browse 1,180 clip(s)