The Federal Reserve Board will hold an FOMC meeting on 15 and 16, and indicated that it will prioritize price stability. The possibility of a U.S. rate hike has risen again in response.
The U.S. Federal Reserve is scheduled to hold a Federal Open Market Committee meeting on 15 and 16, while Chair Warsh indicated a policy of prioritizing price stability on the assumption that employment remains stable. Market expectations for a rate hike for the first time in three years and two months since July 2023 have strengthened.
As for inflation, the consumer price index rose 3.4% year on year in August. The core index, which excludes volatile food and energy prices, rose 0.3% month on month, with higher energy prices having an impact.
Major financial institutions have suggested that CPI trends could provide the green light for a rate hike, while crude oil prices broke above the $100-per-barrel mark and closed at their highest level in about four months. Some view this as justifying further monetary tightening.