Fed might raise borrowing costs again to try to slow price increases Trucks are parked at a Pilot gas station in New Jersey. Diesel prices have hit records and added to inflation. The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose briskly in August, underscoring why the central bank raised interest rates earlier this month for the first time in three years.
The Fed is trying to stamp out the latest flareup in inflation tied to the Iran war and high oil prices. The bank could raise rates again before the year is over if inflation readings continue to show rapidly rising prices. Copyright ©2026 MarketWatch, Inc.
All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 There’s a new Wall Street ‘TACO’ index — and this one is saying it’s time for Trump to strike a deal I’m 71 and still working. Am I doing the right thing? He’s been badmouthing Treasury bonds since 2020, but ‘the big fat cushion’ of 5.25% yields is turning this strategist bullish The Points Guy on the best travel rewards cards for beginners ‘I’m afraid of human stupidity’: Why this top economist prefers U.S. tech and gold over bonds Intraday Data provided by FACTSET and subject to terms of use.
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