Inflation ticked up 3% in Sep., U.S. belatedly reports
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Economists expect prices to have risen 3.1% in September, which would mark a slight increase from a 2.9% year-over-year increase recorded a month prior. The anticipated reading would amount to the highest inflation since May 2024.
Inflation ticked up again in September. Price gains were led by increases in the cost of gasoline. See what other costs went up and down.
The cost of living got even more expensive for Americans last month, with prices rising at the fastest pace since the start of the year.
Inflation remained elevated in September as the BLS released the delayed consumer price index inflation report, as Fed policymakers are set to weigh interest rate cuts next week.
The latest inflation report may or may not have an adverse impact on mortgage rates. It's too soon to tell definitively. But it won't help ease the Fed toward additional rate cuts, and it could complicate the mortgage rate climate more than it already is.
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Stocks rally and Dow closes above 47,000 for first time after cooler-than-expected inflation report
Better-than-expected inflation data Friday morning sparked an end-of-week rally in stocks, sending the Dow, S&P 500 and tech-heavy Nasdaq Composite soaring to fresh record highs.
I bond interest rates adjust every six months, and the inflation reading released Friday allows us to calculate what your next rate will be on existing bonds.
The government shutdown likely means there won’t be an inflation report next month for the first time in more than seven decades, the White House said Friday, leaving Wall Street and the Federal Reserve without crucial information about consumer prices.