Archived U.S. consumer prices rose less than expected; jobless claims near 49-year low. (reuters.com)
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Archived U.S. consumer prices rose less than expected; jobless claims near 49-year low. (reuters.com)
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[–] derram 0 points 1 point 1 point (+1|-0) ago
https://archive.fo/qAz96 :
'Despite the moderate consumer price increases last month, inflation remains underpinned by a tightening labor market and robust economic growth. '
'August’s tepid consumer price gains did not change expectations that the Federal Reserve will raise interest rates at its Sept. 25-26 policy meeting. '
'The Fed’s Beige Book report, which was published on Wednesday, described the labor market as “tight throughout the country, with most districts reporting widespread shortages.”'
'The Consumer Price Index increased 0.2 percent last month after a similar gain in July. '
'The labor market continues to strengthen, with nonfarm payrolls increasing by 201,000 jobs in August and annual wage growth notching its biggest gain in more than nine years. '
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