Fed Survey Finds Intensifying Price Pressures and Rising Fuel Costs
A Federal Reserve report said inflation intensified in parts of the US in recent weeks, while the labor market remained in a low-hire, low-fire state. The report comes as the central bank weighs whether to raise interest rates for a second straight meeting.
A Federal Reserve report released Wednesday found that the US labor market had remained in a low-hire, low-fire pattern, while inflation had intensified in some parts of the country in recent weeks. The findings highlight the stakes as the central bank considers whether to raise interest rates for a second consecutive time.