CPI report shows inflation continued to climb
Digest more
Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.
Markets may be celebrating cooler-than-expected inflation, but for many Americans still facing higher grocery, energy, and housing costs, the relief hasn’t arrived.
Inflation edged up 0.3% in September, driven largely by higher gasoline prices Annual inflation rate now stands at 3.0%, up slightly from August’s
Major stock indexes hit record highs Friday after the release of slightly cooler-than-expected September inflation data that reinforced expectations the Federal Reserve will cut interest rates next week.
Economist Justin Wolfers weighs in on the broader implications as rising beef costs drive inflation and trade negotiations with Canada are suspended.
Feedback