US inflation rate hit 3.0% in September, lower than expected, long-awaited CPI report shows
September inflation rose 3%, slightly below forecasts, influenced by tariffs and rising beef costs, while easing rent and vehicle prices suggest mixed economic signals before the Fed meeting.
- Last month, US consumer prices rose 3% year-on-year, a modest increase from the prior month's 2.9%, the Labor Department said.
- Everyday price increases such as rents and fuel underpinned the rise, with rents up 3.5% year to September and higher gas prices and groceries.
- On a monthly basis, prices increased 0.3% while core inflation rose 0.2% monthly and furniture prices climbed 3.8% year and 0.9% month.
- With hiring cooling, the Federal Reserve is preparing to cut interest rates next week to support a struggling labor market, while Fed officials are divided and relying more on private economic measures.
- Food price spikes, notably beef prices and coffee prices since Sept 2024, added pressure while Olu Sonola said 'The tariff pass through generally remains muted' amid questions on the duration of corporate cost absorption.
203 Articles
203 Articles
Real estate stocks up as October rate cut odds rise, earnings meet Wall Street expectations (XLRE:NYSEARCA)
Real estate stocks moved higher as the sector posted financial results, which largely met Wall Street expectations, and the retail inflation report fueled October rate cut hopes.
The Fed Must Act Before the Job Market Cracks
America's labor market is flashing red, and the Federal Reserve is watching the light change instead of hitting the brakes. Job openings have fallen to 7.26 million, the lowest level in 4½ years. Private-sector hiring has turned negative, with September's ADP data showing -32,000 jobs after August was revised down to -3,000. Employers' plans to add workers have plunged 71% from last year, and year-to-date hiring announcements are the weakest sin…
Washington. Consumer prices in the United States rose 3 percent annually in September, compared to the same month of the previous year. This is the highest level since January, according to the report released yesterday by the Department of Labor, late due to the government’s closure. In August, the figure was 2.9 percent.
Trump Calls Off Trade Talks With Canada
President Donald Trump canceled trade talks with Canada on Thursday after the Canadian province of Ontario began running a television advertisement in the United States that used President Ronald Reagan’s words to criticize Trump’s tariff policies. The ad, which was shared by Ontario’s Premier Doug Ford on X, features Reagan stating that protective tariffs work “only for a short time” and that trade barriers, such as the ones Trump has enacted i…
Inflation ticked up 3% in September, the U.S. belatedly reports
Annual inflation rose less than expected in September, according to a crucial report published Friday, nine days later than normal due to the government shutdown.Consumer prices rose 3.0% in September from a year ago, slightly below forecasters’ expectations, according to the U.S. Bureau of Labor Statistics (BLS). On a month-to-month basis, prices rose 0.3%, cooling slightly from the 0.4% inflation reported in August.Loading... Overall, the infl…
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