The Inflation Paradox: Will the Fed's Decision Spark a Chain Reaction? The upcoming inflation report due out on Friday is expected to have far reaching implications for the financial markets and American households.
On one hand, higher interest rates may be seen as a welcome response to rising prices by those who have been advocating for action against inflation.
However, a rate hike could exacerbate the affordability crisis that's already affecting many Americans. The numbers are expected to show that inflation rose 0. 4% in August from July and remained flat at 3.