US inflation, jobs data bolster Fed December rate-hike chances
Fed chief says a rate rise would be appropriate if economic data kept pointing to improving labour market and rising inflation
Fri, Nov 18, 2016 - 5:50 AM
The firming inflation backdrop and labour market that is approaching full employment are likely to encourage the US central bank to raise borrowing costs at its Dec 13-14 policy meeting.
US CONSUMER prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pick-up in inflation that potentially clears the way for the Federal Reserve to raise interest rates in December.