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Good news in US inflation report boosts chances Fed won’t hike rates

The Guardian30 September 2026, 15:34 UTCUnited States of America

Traders see an about 35% chance of an October rate hike, down from about 45% following White House pressureGood economic news boosted Wall Street’s main indexes on Wednesday, as a softer-than-anticipated inflation reading buoyed hopes that the Federal Reserve might not hike rates as soon ⁠as next month.A commerce department report ⁠showed the personal consumption expenditures (PCE) price index stood at 3.4% on an annual basis in August against estimates of 3.7%, per economists polled by Reuters. Continue reading...

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