✉news BusinessFinance first seen 4 d ago, last 3 d ago, peak #16
US inflation ticks up to 3.7% on higher gas prices
Original: Surging gas prices pushed CPI inflation to 3.7% in September. The Fed is watching.
US consumer price inflation rose to 3.7% in September, driven largely by surging gasoline prices, according to the latest CPI report. The uptick complicates the Federal Reserve's effort to bring inflation back to its 2% target, and policymakers are watching whether energy-driven price gains feed into broader inflation. Markets are weighing what the figures mean for the outlook on interest rates.
Why now: Fresh CPI data showing inflation rising rather than cooling raises questions about whether the Fed will raise interest rates further.
Evidence
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