Inflation remains persistently high at 8.2%—and more interest rate hikes are likely. (via CNBCMakeIt)
Despite the Federal Reserve implementing five consecutive interest rate increases, the last three "jumbo-sized" at 0.75 percentage point, inflation remains persistently high.
Powell also said that the central bank was "strongly resolved to bring inflation down to 2%, and we will keep at it until the job is done."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inflation Remains Persistently High at 8.2%—and More Interest Rate Hikes Are LikelyThe rate of inflation rose by 0.4% in September, and remains well above its benchmark target of 2%, making the prospect of continued 'jumbo' interest rate hikes more likely.
Read more »
Inflation Sits at 8.2% as Core Prices Hit Four-Decade HighThe U.S. inflation rate eased slightly to 8.2% in September as the Federal Reserve aggressively raises interest rates to slow price increases WSJWhatsNow
Read more »
Consumer inflation slowed to a still-high 8.2% over the past 12 monthsU.S. consumer inflation slowed to a still-high 8.2% over the past 12 months, keeping the pressure on households.
Read more »
Consumer inflation slowed to a still-high 8.2% over the past 12 monthsU.S. consumer inflation slowed to a still-high 8.2% over the past 12 months, keeping the pressure on households.
Read more »
Consumer inflation slowed to a still-high 8.2% over the past 12 monthsU.S. consumer inflation slowed to a still-high 8.2% over the past 12 months, keeping the pressure on households.
Read more »
Consumer inflation slowed to a still-high 8.2% over the past 12 monthsU.S. consumer inflation slowed to a still-high 8.2% over the past 12 months, keeping the pressure on households.
Read more »