US Inflation Hits 3.7% in September, Above Forecasts
Core prices rose 2.6% as gasoline accounted for more than half of the monthly increase, the Bureau of Labor Statistics said.
- On Wednesday, the Bureau of Labor Statistics reported consumer prices rose 0.6% in September, pushing annual inflation to 3.7%, well above the Federal Reserve's 2% target.
- Driven by the Iran war, gasoline prices jumped 9.1% in September, accounting for over half of the monthly inflation increase as oil infrastructure disruptions persisted.
- Excluding volatile food and energy categories, core prices rose 0.3% in September and 2.6% annually, signaling persistent inflation pressure beyond fuel costs.
- The inflation report lands weeks before the November 3 midterm elections, where affordability remains a central voter concern, creating headwinds for the administration and Republican candidates.
- Policymakers meet October 28 to decide on interest rates, with investors pegging a nearly 25% chance of another increase and officials signaling one additional hike this year.
323 Articles
323 Articles
Inflation climbs in September as gas prices surge - Regional Media News
Inflation climbed to a 4-month high in September as the Iran war continued to drive up gasoline prices, according to federal government data released on Wednesday. The reading came in slightly above economists' expectations. Prices rose 3.7% in September compared to a year earlier, marking [...]
New nightmare explodes for Trump ahead of midterms: ‘MAGA you got conned’
The economy continues to be a nightmare for President Donald Trump and the Republican Party ahead of the all-important midterm elections. The final inflation report that will be issued before voters go to the polls has grim news for the White House, showing that prices rose faster than expected in September and that inflation accelerated, Newsweek reported.
Fed rate hike call seen tight as inflation heats up
A Federal Reserve interest-rate decision later this month may be a closer call than previously thought after Labor Department data showed consumer prices were up 3.7 percent last month from a year earlier, well above the Fed's 2 percent target and moving in the wrong direction. Higher gasoline prices from the Middle East war were a main driver. Excluding volatile food and energy prices, the core Consumer Price Index (CPI) was up 2.6 percent, mor…
The US inflation of September rises to 3.7%, beyond expectations, also affecting non-energy goods. Markets raise forecasts on a forthcoming rise in rates. According to Moody's the account of the war in Iran so far is $2,000 per American family. From Bangkok Fmi and Bce warn that the US debt is becoming a problem for everything. As the Treasury yield approaches the 6% threshold: the number that Wall Street fears the most
Coverage Details
Bias Distribution
- 53% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
