CPI Inflation Worse Than Expected Last Month—But Still At 3.5-Year Low In Last Pre-Election Report
This was the last CPI report before Election Day as inflation dwells on the mind of many voters. Since Jan. 2021, when Joe Biden took office, the index has climbed 20.1%, equating to 5.5% annualized inflation, signaling the extended pain many Americans feel even as 12-month inflation rates slow to historically normal levels.
CPI for September: Inflation higher than expected. Fed rate cuts still seen as likely.
Somewhat higher core inflation and a strong September jobs report have raised questions among investors about whether the Fed will cut rates again next month. Social Security’s cost-of-living adjustment will be 2.5% in 2025, down from the 3.2% seen in 2024, the Social Security Administration said on Thursday.
The 3-month average “core CPI” rose by 3.1% annualized, the second month of acceleration in a row. Click to read.
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Following the strong upward move seen in the previous session, stocks are likely to move back to the downside in early trading on ...
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