Fed Hike Looms Amid Rising Inflation | Salt Lake City News

Inflation’s stubborn grip continues as August’s consumer prices surged 3.4%, fueled largely by skyrocketing gas and food costs, forcing the Fed to weigh a rate hike—now odds-on at 90%—to tame inflation, even as a strong jobs report adds complexity to their balancing act. 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/764f29a513820233