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Fed likely to stay the course on interest rate hike as inflation ticks up but gas prices ease

  • Written by Edouard Wemy, Assistant Professor of Economics, Clark University
Fed likely to stay the course on interest rate hike as inflation ticks up but gas prices easeLower gas prices will put downward pressure on inflation.Scott Olson/Getty Images

The Federal Reserve received mixed news in the latest data on U.S. inflation as it mulls another rate hike.

Consumer prices rose 8.3% in August from a year earlier, data released on Sept. 13, 2022, shows. While this pace is down from the 8.5% annual gain experienced in...

Read more: Fed likely to stay the course on interest rate hike as inflation ticks up but gas prices ease

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