Inflation report seals case for November 0.75-point Fed rate hike

Another uncomfortably high inflation rate for September is likely to keep the Federal Reserve on track to raise interest rates by 0.75 percentage points at next month’s meeting.

The report also raises the risk that officials will delay an expected slowdown in the pace of rate hikes thereafter. Another possibility is that they could telegraph the expectation that interest rates will have to rise to even higher levels early next year than policymakers and investors had previously anticipated.

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