🦋bluesky first seen 6 h ago, last just now, peak #1
US inflation rises to 3.7% in September
US consumer price inflation edged up to 3.7% year-on-year in September, according to the latest Labor Department figures, defying expectations of a continued cooldown. The uptick, driven in part by rising energy prices, raises questions about whether the Federal Reserve will raise interest rates again this year, and is drawing debate among economists and markets about the path ahead for the US economy.
Why now: The surprise increase in inflation is fueling debate over whether the Federal Reserve will raise interest rates again.
United StatesFederal ReserveUS Department of Labor
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