The Fed held off on a rate hike. Today’s GDP and inflation reports could make waiting harder.
Summary
The Federal Reserve recently kept interest rates steady, but upcoming economic reports could challenge that stance. Upcoming gross domestic product and inflation data may reveal strong growth and continued price pressures, potentially increasing the likelihood of a December rate hike.
GDP and inflation figures arrive together at 8:30 a.m. Eastern time. Strong growth and persistent price pressures could strengthen the case for an interest-rate increase in December.
Source: Read the full story at MarketWatch.com - Top Stories
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