🦋bluesky first seen 7 h ago, last 6 min ago, peak #1
US inflation rises to 3.7% in September
US consumer price inflation came in at 3.7% in September, up from the previous month and higher than many economists expected, driven largely by energy costs and shelter prices. Commenters are debating whether the Federal Reserve will raise interest rates again at its next meeting or hold steady, with markets watching closely for signs that price pressures are easing.
Why now: Fresh inflation data shapes expectations for Federal Reserve interest rate decisions.
United StatesFederal ReserveBureau of Labor Statistics
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