US Inflation Hits 3.7% in September, Above Forecasts
Energy costs drove the monthly gain, while core inflation also rose above expectations and kept pressure on the Federal Reserve.
- 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.
617 Articles
617 Articles
US inflation complicates Fed policy outlook ahead of midterm elections
A rebound in US inflation is adding uncertainty to the Federal Reserve's policy outlook, as policymakers weigh persistent price pressures against risks to economic growth ahead of November's midterm elections.
Why Hot Inflation Could Push Interest Rates Higher
A hotter-than-expected inflation report can quickly change the outlook for interest rates, bonds, and stocks. The latest Consumer Price Index reading did just that. Price pressures rose after three months of modest reports, prompting investors to prepare for more rate hikes by the Federal Reserve. I am Taylor Sohns, CEO of LifeGoal Wealth Advisors, a Certified Investment Management Analyst and Certified Financial Planner. As a financial advisor …
Trump’s Iran War Is Coming Due at the Ballot Box
On October 14, new inflation figures showed consumer prices rising 3.7 percent over the year, with a 9.1 percent gasoline-price jump accounting for more than half of September’s monthly increase. In Washington, the cost of war is usually described in military terms: targets hit, operations completed, objectives announced. For millions of Americans, it shows up […]
NEW REPORT: Republicans Running Scared as Inflation Continues to Spike
“The price of gas is up an eye-watering 9.1%.” The Consumer Price Index, a gauge of inflation, spiked 3.7% since last September, driven by soaring energy prices. Even the White House acknowledged these numbers were “disappointing” and “the energy shock is really the headline story today.” Americans are footing the bill for D.C. Republicans’ failed […]
Inflation Scorches Americans Before Midterms, Driven by High Fuel Costs
U.S. consumer prices rose 3.7% in September from a year earlier, the Bureau of Labor Statistics (BLS) reported Wednesday, Oct. 14 – the final inflation reading before November's midterm elections and a fresh signal that rising energy costs continue to strain household budgets. The consumer price index (CPI) climbed 0.6% from August, the largest monthly gain in five months, according to the BLS report [1][2]. Gasoline prices rose 9.1% during the …
Consumer prices are rising. Producer prices are also growing strongly. Trump's new inflation figures are inconvenient before the interim elections.
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