U.S. CPI Report Complicates Fed's Rate Decision in October
Dow Jones13:25
0525 GMT - The latest U.S. consumer-price inflation report complicates the Federal Reserve's decision later this month, LPL Financial's Jeffrey Roach says. Inflation pressures are broadening beyond energy, suggesting the last mile back to target could remain bumpy and keep interest rates elevated, the chief economist says. "The road back to price stability is looking increasingly difficult to navigate," he says. The Fed's next interest-rate decision is due on Oct. 28. Money markets price in a 29% probability of 25-basis-point rate increase, according to LSEG.
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