Total vehicle sales increased 400,000 annualized units in September and monthly sales levels were up 16.1 percent year over year. NAFCU Economist Noah
Reports show that inflation ticked up last month, but most economists and investors still think the Federal Reserve will hold off on hiking interest rates again at its meeting next week.
Headline inflation jumped last month but the Fed remains on course to leave interest rates unchanged. Higher gas prices caused headline inflation to pick up sharply last month, the August Consumer Price Index (CPI) showed Wednesday, but a moderating pace of underlying inflation should keep the Federal Reserve on track to leave interest rates unchanged at the next Fed Meeting, experts say.Prices rose 0.6% in August after increasing just 0.2% the prior month, the Bureau of Labor Statistics said We
Federal Reserve Chair Jerome Powell says getting inflation down is the Fed's top goal. But trimming the current 3% down one percentage point is tricky.