Fed Seen Pausing October Hike After Inflation Data
Fresh government data showing inflation rose less than expected in August has eased pressure on the US central bank, making a Federal Reserve rate hike in October less likely.
A Federal Reserve rate hike next month appeared less likely on Wednesday after new government data showed inflation rose less than expected in August, easing pressure on the US central bank ahead of November's hotly contested national elections. The Personal Consumption Expend…