US wholesale inflation rose a hotter-than-expected 0.7% in August — the biggest advance in 14 months. For the full article, click here.
Interest Rates
Fed hikes interest rates by a sharp 0.75 percent despite recession fears
The Federal Reserve imposed the latest in a series of sharp interest rate hikes on Wednesday in a sign that policymakers aren’t backing down from an aggressive campaign to lower decades-high inflation. For the full article, click here.