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US Inflation Hits 3.7% in September, Above Forecasts
- 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.
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Washington. Consumer prices in the United States accelerated in September by a spike in the prices of gasoline and diesel, in a new setback for President Donald Trump and his Republican Party, following the report released before the mid-term elections on November 3, and put on the table again the possibility of an increase in interest rates.
·Mexico
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Wholesale inflation jumped last month by most in four years as gas prices soared
Wholesale inflation rose more quickly than expected last month on a big jump in fuel costs, a sign that stubbornly rising prices remain an economic challenge for consumers and a political problem for Republicans in the midterm elections.
·Orlando, United States
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Coverage Details
Total News Sources515
Leaning Left99Leaning Right65Center163Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 30%
C 50%
R 20%
Factuality
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