Fed Hike Likely Amid Rising Inflation | Business and Finance News

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Recorded11 Sep 2026

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Inflation’s back on the rise, sending shockwaves through the economy as August’s consumer price index surged 0.4%, pushing annual inflation to 3.4%. Core inflation—excluding food and energy—also climbed unexpectedly, fueled by a nearly 4% spike in gas prices and rising shelter and transportation costs. Markets are now betting the Fed will hike rates by a quarter-point next week, reversing recent patience as oil prices climb and inflation shows signs of stubborn persistence. With the Fed’s target of 2% inflation still out of reach, policymakers may have no choice but to act—even if some officials had hoped for more time. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c52f0d7f2e461780

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