Fed to stick with aggressive rate hikes after hot inflation data

Economists had expected a small monthly decline amid falling energy prices, paving the way for the U.S. central bank to perhaps slow the pace of its rate hikes in coming months. But the report showed accelerating inflation in services and a particularly worrisome rise in the cost of rent, which tends to be sticky from one month to the next.

from Stocks-Markets-Economic Times https://ift.tt/Gbc4IU8