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Fed Faces Pressure as Inflation Holds | Greenville News
Inflation held steady in August, with the CPI unchanged at 3.4%, driven by a nearly 4% spike in gas prices. Core inflation edged up to 2.4%, adding pressure on the Fed as global tensions and a strong job market fuel expectations for another rate hike next week. Employers added 160,000 jobs, keeping unemployment at 4.1%, giving the Fed room to fight inflation—still far above its 2% target. Fed Chair Warsh faces mounting pressure from all sides: stubborn prices, rising yields, and political calls for rate cuts, making his dual mandate tougher than ever. Listen in comfort:Get a discount on a…
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