Banking & Economics
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Fed’s Rate Decision May Have Come Down to Phone Plan Changes
A record jump in the price of cellular phone services helped tip a key measure of US inflation above forecasts, likely sealing the deal for a Federal Reserve interest-rate increase next week.
Banking & Economics
Key Highlights
- A record jump in the price of cellular phone services helped tip a key measure of US inflation above forecasts, likely sealing the deal for a Federal Reserve interest-rate increase next week.
- Desk angle: we track rates, inflation, and bank balance sheets against this headline. Always read the original for filings and quotes.
Bloomberg Verified Source
Reported by Jeffrey Sparshott and Matthew Boesler · Syndicated via official news feed
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