A key measure of US consumer prices climbed more than expected in August 2026, strengthening arguments for the Federal Reserve to raise interest rates at its meeting. Former New York Fed president Bill Dudley said he would be shocked if the Fed did not raise rates by 25 basis points.
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A key gauge of US consumer prices climbed by more than expected last month, bolstering the case for Federal Reserve officials to raise interest rates next week. Michael McKee breaks down the data on Bloomberg Television. (Source: Bloomberg)
A key gauge of US consumer prices rose by more than expected last month, bolstering the case for Federal Reserve officials to raise interest rates next week. The consumer price index, excluding food and energy, climbed 0.3% in August from a month earlier, according to Bureau of Labor Statistics data out Friday. The median estimate in a Bloomberg survey called for a 0.2% increase. On an annual basi
Bill Dudley, a Bloomberg Opinion columnist and former president of the Federal Reserve Bank of New York, says he would be shocked if the Federal Reserve did not raise interest rates by 25 basis points at their next meeting. He speaks on "Bloomberg The Close." (Source: Bloomberg)
A key gauge of US consumer prices rose by more than expected last month, bolstering the case for Federal Reserve officials to raise interest rates next week. Bloomberg Intelligence US Interest Rate Strategist Ira Jersey and Bloomberg News Marco Strategist Frank Monkam discuss how the oil market is moving and what it all means for the Fed ahead of its September meeting next week. Then, Kalshi Chief