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US inflation ticked up again in September
Original: tradingview
US consumer prices rose 3.7% year on year in September, driven largely by a sharp jump in petrol prices, according to CNBC. The figure matched the previous month and kept inflation above the Federal Reserve's 2% target. Traders are watching the data closely for clues about whether interest rates will rise again this year.
Why now: Fresh US inflation data is feeding debate over the Federal Reserve's next interest rate move.
United StatesCNBCFederal Reserve
Evidence
- US inflation jumps ahead of crunch midterm elections · The Telegraph
- Consumer prices rose 3.7% annually in September as gas prices skyrocket · CNBC
Elsewhere
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