Contrary to most expectations, consumer inflation, bolstered by the rise in gas and shelter prices, rose again in September. It was up 0.4% for the month, and 3.7% in the past year-matching August's.
A stronger-than-expected reading on headline inflation supports the Fed's higher for longer stance on interest rates, experts say. Headline inflation rose by more than economists were expecting last month, the September Consumer Price Index (CPI) showed Thursday, supporting the view that higher for longer interest rates will be necessary to bring inflation down to the Federal Reserve's long-term target. Consumer prices rose 0.4% in September – down from a 0.6% increase in August – the Bureau of
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Inflation continues to ease, leaving the Fed on track to keep interest rates unchanged at its next meeting, experts say. A quirk in year-over-year comparisons caused headline inflation to accelerate for the first time in more than a year in July, but the underlying data once again showed that the pace of rising prices continues to ease, the Consumer Price Index (CPI) revealed Wednesday.The July inflation reading, which was largely in line with expectations, bolsters the case for the Federal Rese