- News Bite -
According to a national report by the Federal Reserve, the consumer price index rose to 9.1% in July, surpassing even high expectations for inflation.
News of sky-high prices has driven analysts to predict the fed will continue to raise interest rates, with 1/3 of analysts predicting a %1 rate hike for July and September.
According to Yahoo News, On Wednesday, the Bank of Canada surprised markets by raising rates by that amount.
The Portland Post News Division
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