GgoogleSG first seen 17 h ago, last 10 h ago, peak #1

US Inflation Hits 3.7% as Gas Prices Surge

Original: cpi

US consumer prices rose 3.7% annually in September, up more than economists expected, driven largely by a spike in gasoline prices. The hotter-than-anticipated inflation data lifted the dollar and sent stocks and bonds lower, as investors increased bets that the Federal Reserve will keep interest rates higher for longer. Rising prices remain a key concern for American voters ahead of midterm elections.

Why now: The September CPI report came in hotter than expected, moving markets and shaping expectations for Federal Reserve rate policy.

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Evidence

• US inflation jumps to 3.7% as Iran war drives up prices · Financial Times
• US consumer prices rise by most since April in broad advance · The Edge Singapore
• Consumer prices rose 3.7% annually in September as gas prices skyrocket · CNBC
• US stocks: Wall Street opens lower after hot CPI data fuels rate-hike bets · The Business Times
• Dollar jumps, stocks and bonds dented by hot US inflation data · CNA
• US inflation rises more than expected ahead of midterm elections · BBC
• Dollar jumps, stocks and bonds dented by hot US inflation data · Reuters
• Stocks Erase Gains After ASML, Dollar Declines: Markets Wrap · Bloomberg.com
• High gas prices pushed CPI inflation to 3.7% in September · Yahoo Finance
• CPI Report Today: Investors Await Latest Inflation Report; Bank Earnings Roll In — Live Updates · WSJ
• FX Daily: Hot inflation to strengthen dollar floor · ing think

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