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Trump Faces Interest Rate Humiliation After Grim Inflation Report

The president has been demanding interest rate cuts. Now the Federal Reserve is being pressured to raise them.

Sources (1)· Sep 11, 1:00 PM

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The Daily Beast· Sep 11, 1:00 PMTrump Faces Interest Rate Humiliation After Grim Inflation Report

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VIEW Stocks, bonds rally after August inflation reportU.S. consumer prices accelerated in August as the cost of gasoline rebounded after two straight monthly declines, bolstering market expectations that the Federal Reserve will raise interest rates next week.

Reuters29d agoWhole story →

Economy august inflation report

Inflation stayed hot in August with annual pace of 3.4%, raising the odds of a Fed hikeThe report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.

CBS News29d agoWhole story →

Economy fed interest rate decision

Inflation stayed hot in August, as CPI rose at an annual rate of 3.4% - higher than economists expectedThe report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.

CBS News29d agoWhole story →

Economy inflation report release

US consumer prices accelerate in August, push Fed closer to rate hikeU.S. consumer prices accelerated in August, while a key measure of underlying inflation posted its largest increase in four months, reinforcing expectations that the Federal Reserve will raise interest rates next week.

Reuters29d agoWhole story →

Economy fed rate hike decision

CPI Inflation Data Due As Federal Reserve Rate Hike Hangs In The Balance (Live Coverage)The August consumer price index is the last hope to avoid a Sept. 16 Federal Reserve rate hike. S&P 500 futures rose as oil prices fell.

Investor's Business Daily29d agoWhole story →

Economy federal reserve rate hike decision

Since

'Illegitimate Show Trial': Warren Condemns Trump's Latest Attack on Fed Gov. Lisa CookSen. Elizabeth Warren, the top Democrat on the Senate Banking Committee, said Friday that President Donald Trump's formation of a new committee to investigate Federal Reserve Gov. Lisa Cook amounts to "an illegitimate show trial in his dangerous quest to illegally take over our nation’s central bank." "Instead of playing judge in a kangaroo court of his…

Common Dreams1d agoWhole story →

Government trump fed probe

Senate Democrat Presses Cantor Fitzgerald on Tether Ties and Lutnick Family ProfitsSen. Richard Blumenthal wants Cantor Fitzgerald to open its records on Tether and on how much Commerce Secretary Howard Lutnick's family has earned from its business deal.

Decrypt1d agoWhole story →

Technology Richard Blumenthal crypto regulation probe

Investors Poured $166 Billion Into Cash Funds in Just One Week. BofA Says They Aren't Ready To Leave.Bank of America strategist Michael Hartnett said investors may keep their money in cash until the Federal Reserve begins a sustained cycle of interest-rate cuts.

International Business Times1d agoWhole story →

Trump created a committee to dig into the Fed's Lisa Cook. What is it and what comes next?Trump’s bid to fire the Fed's Lisa Cook follows a Supreme Court ruling and could affect Jerome Powell, central bank independence and interest rates.

CNBC1d agoWhole story →

Economy fed committee formation

US Deficit Approaching Grim Milestone — But News Met With Crickets From LawmakersThe deficit is almost $2 trillion

Daily Caller23h agoWhole story →

Economy federal deficit milestone

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