Persistent inflation. U.S. consumer prices accelerated on a monthly basis in September, defying expectations of a continued slowdown. The consumer price index rose 0.4 percent compared with August’s 0.1 percent. Relative to a year ago, inflation was 8.2 percent (compared with 8.3 percent in August). Persistently high price increases create political and economic headaches for […]
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Daily Memo: US Inflation Ticks Up
The news increases pressure on the Fed to continue aggressively hiking interest rates.
