Fed likely to stay the course on interest rate hike as inflation ticks up but gas prices ease
- Written by Edouard Wemy, Assistant Professor of Economics, Clark University
Lower gas prices will put downward pressure on inflation.Scott Olson/Getty ImagesThe Federal Reserve received mixed news in the latest data on U.S. inflation as it mulls another rate hike.
Consumer prices rose 8.3% in August from a year earlier, data released on Sept. 13, 2022, shows. While this pace is down from the 8.5% annual gain experienced in...

