MarketsEmerging
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Fed urged to set rates to eliminate excess inflation and ease mortgage costs
El FinancieroLO·US · MX·2 days ago
US import prices rose 0.7% month-over-month in August, exceeding expectations, with the annual rate accelerating to 7.0%. This signals persistent inflationary pressure from trade channels, likely reinforcing the Fed's cautious stance on rate cuts. The data suggests inflation may remain sticky, complicating the path for monetary easing.