Tag: consumer prices

  • US September CPI strengthens hawkish argument in Fed inflation war

    US September CPI strengthens hawkish argument in Fed inflation war

    Consumer prices in the United States rose more than anticipated in September, and underlying inflation pressures were increasing, which raised hopes that the Federal Reserve will raise interest rates by another 75 basis points next month. The Labor Department said on Thursday that the consumer price index increased by 0.4% in September after increasing by…