All eyes on US inflation data as investors there prepare for fresh rate hike


Source: irishtimes.com irishtimes.com

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Investors will be watching US inflation data this week ahead of another expected move by the Federal Reserve, led by Jerome Powell, to increase interest rates there. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) US inflation data in the coming week may give the nation’s Federal Reserve mixed signals in advance of a potential third-straight jumbo interest-rate hike, with a broad measure of consumer prices likely to simmer down even as a gauge of underlying pressures accelerates. The government’s report is expected to show an 8 per cent increase in the overall consumer price...