US EditionUS inflation rate hit 3.0% in September, lower than expected, long-awaited CPI report shows
- The Bureau of Labor Statistics released the CPI on Friday, reporting year-over-year inflation rose to 3.0% in September, slightly below economists' 3.1% forecast.
- The BLS had intended to publish on October 15 but the U.S. government shutdown beginning October 1 delayed the release, affecting many federal workers and agency operations.
- The Federal Reserve meets on October 28 and October 29 to consider rates, and with other official data missing, today's CPI gives Fed members some insight despite murky job-market details.
- The Social Security Administration will use the fresh inflation figures to calculate the annual cost-of-living adjustment, while large companies and small businesses weigh price and staffing decisions.
- September's reading also puts inflation back at January's level as median one-year inflation expectations rose from 3.2% to 3.4%, following the Federal Reserve rate policy cut this year.
175 Articles
175 Articles
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…
September inflation rises slightly as U.S.–Canada trade rift deepens
After a delay from the government shutdown, new data shows inflation up 3% year-over-year — slightly better than expected. But tensions with Canada are escalating after Ontario used a Reagan speech to criticize U.S. tariffs, prompting President Trump to halt trade talks.
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