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US Inflation Hits 3.7% in September, Above Forecasts
Gas prices rose 9.1% in September, pushing core inflation higher and increasing pressure on the Federal Reserve before its next policy meeting.
- 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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285 Articles
Trump gets an ugly October surprise at the worst possible time
President Donald Trump has been hit with a fresh blow with an unwelcome October surprise just before the midterms, which contradicts his final pitch to American voters on the campaign trail. Within a week of the president declaring that “prices are coming down very fast,” inflation is climbing again, and the latest numbers from his government are much worse than economists projected.The Bureau of Labor Statistics revealed that the Consumer Price…
·Miami Beach, United States
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The consumer price index, drawn from energy prices, reached 3.7% over one year in September.
·Montreal, Canada
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Energy prices rose by 5.1 per cent in September, compared with 2.1 per cent in August and encourages a further increase in Fed rates
·Madrid, Spain
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Coverage Details
Total News Sources285
Leaning Left38Leaning Right41Center93Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 22%
C 54%
R 24%
Factuality
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