GgoogleSG first seen 29 d ago, last 1 d ago, peak #1

US Inflation Hits 3.7% as Gas Prices Surge

Original: cpi

US consumer prices rose 3.7% annually in September, up more than economists expected, driven largely by a spike in gasoline prices. The hotter-than-anticipated inflation data lifted the dollar and sent stocks and bonds lower, as investors increased bets that the Federal Reserve will keep interest rates higher for longer. Rising prices remain a key concern for American voters ahead of midterm elections.

Why now: The September CPI report came in hotter than expected, moving markets and shaping expectations for Federal Reserve rate policy.

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Evidence

US yields rise, stocks fall as inflation data boosts odds of larger December rate hike · CNA
Fed officials open door to a half-percentage-point rate hike as inflation worsens · Reuters
US consumer prices expected to have risen at slower pace in October · Reuters
Stock market today: Dow, S&P 500, Nasdaq slip after CPI data raises Fed rate-hike bets · Yahoo Finance
US Core CPI Rises by More Than Forecast, Supporting Fed Hike · Bloomberg.com
Stock Market Today: Dow Opens Lower After Inflation Report — Live Updates · WSJ
CPI Live Updates: Inflation Persists in U.S. Economy · The New York Times
October inflation data comes in hotter than expected, even as energy inflation fades · Yahoo Finance
Fed ‘going to have little patience with inflation’: Russell Investments · Yahoo Finance Singapore
US inflation jumps to 3.7% as Iran war drives up prices · Financial Times
US consumer prices rise by most since April in broad advance · The Edge Singapore
Consumer prices rose 3.7% annually in September as gas prices skyrocket · CNBC

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