Wall Street’s main indexes were set for a lower open on Wednesday after a hotter-than-expected inflation report boosted bets of an interest rate hike this month, while investors parsed more big bank earnings. A Labor Department report showed the Consumer Price Index rose 3.7% on an annual basis last month, above estimates of 3.6%, according to economists polled by Reuters. It increased 0.6% on a monthly basis, in line with estimates. Traders bolstered bets of a rate hike in October, now...
Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, minutes released Wednesday from the…
The Fed's preferred measure of inflation rose by much less than expected in August, data from the Commerce Department showed Friday. The post Fed’s Preferred Inflation…
The city-owned utility has dropped the idea of requesting to increase customer rates this year, deferring a decision to mid-2027.CPS Energy drops rate hike request…
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