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Good news in US inflation report boosts chances Fed won’t hike rates

The Guardian World Wednesday 30 September 2026, 15:34 UTC By Guardian staff and agencies 1 min read
Key Points

Traders see an about 35% chance of an October rate hike, down from ​about 45% following White House pressureGood economic news boosted Wall Street’s main indexes on Wednesday, as a softer-than-anticipated inflation reading buoyed hopes that the Federal Reserve might not hike rates as soon ⁠as next month. A commerce department report ⁠showed the personal consumption expenditures (PCE) ​price index stood at 3.4% on an annual basis in August against estimates of 3.7%, per economists polled by...

Traders see an about 35% chance of an October rate hike, down from ​about 45% following White House pressure

Good economic news boosted Wall Street’s main indexes on Wednesday, as a softer-than-anticipated inflation reading buoyed hopes that the Federal Reserve might not hike rates as soon ⁠as next month.

A commerce department report ⁠showed the personal consumption expenditures (PCE) ​price index stood at 3.4% on an annual basis in August against estimates of 3.7%, per economists polled by Reuters.

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US (LOCATION) Fed (ORG) White House pressureGood economic news (ORG) the Federal Reserve (ORG) commerce department (ORG) PCE (ORG)
Originally published by The Guardian World Read original →

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