Back to News
Market Impact: 0.7
Fed’s Rate Decision May Have Come Down to Phone Plan Changes
Source: Bloomberg
InflationMonetary PolicyInterest Rates & YieldsEconomic Data
A record increase in US cellular-phone service prices pushed a key inflation measure above forecasts. The upside inflation surprise is likely to cement a Federal Reserve interest-rate hike at its meeting next week, creating a more hawkish policy outlook for markets.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
mildly negative
Sentiment Score
-0.30
More News
- From Wall Street to Silicon Valley, Anthropic IPO poised to have massive 'trickle-down effect'
- Federal Reserve is likely to hold interest rates steady in October. Here's what that means for consumers
- Brazil’s real sinks after Lula’s re-election victory
- Asian stocks surge as Anthropic IPO lifts sentiment ahead of earnings, central banks
- HSBC’s third-quarter profit jumps 32%, launches buyback of up to $1 billion
- Yen eases on risk-on mood ahead of central bank bonanza