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WorldSingle source

Trump’s economy and the US midterms: Reporters to answer readers’ questions

Guardian reporters will hold a reader Q&A on how the US economy could affect the midterm elections. The session is scheduled for Thursday at 12pm ET (4pm UTC), with voting set for 3 November.

  • The Guardian will host a Thursday Q&A at 12pm ET (4pm UTC) on the economy and US midterm elections.
  • Four reporters covering business, labor, consumer rights and corporate rights will take part.
1 sourceTrust: Single source
The Guardian World
US stock marketSingle source

Softer US inflation lowers traders’ bets on an October Fed rate hike

US inflation came in below expectations in August, reducing traders’ bets on a Federal Reserve rate hike as soon as October. LSEG data put the implied probability at about 35%, down from roughly 45%.

  • A below-forecast PCE reading reduced expectations of an October Fed rate hike.
  • The implied probability of an October hike fell from roughly 45% to about 35%.
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The Guardian Business
Inflation and monetary policySingle source

US consumer inflation held at 3.4% in August as energy costs rose after Iran tensions

Annual US inflation was 3.4% in August, unchanged from July. Energy-price increases after the U.S.–Iran ceasefire ended pushed gasoline and diesel higher while core inflation rose to 2.4% year-over-year, according to the US Bureau of Labor Statistics.

  • Annual US inflation was 3.4% in August, unchanged from July.
  • Gasoline rose 27.4% year-over-year and accounted for over one-third of the monthly increase.
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The Guardian Business