September CPI: Inflation comes in lower than expected but holds firm near 3%

Inflation held stubbornly around 3% in September, government data showed Friday, but came in slightly cooler than analysts expected across the board as investors continue to assess the Federal Reserve's path toward its 2% target. The latest data from the Bureau of Labor Statistics showed the Consumer Price Index (CPI) rose 3% year over year in September, up from 2.9% in August but slightly below economists' expectations for a 3.1% increase. That marks the highest reading since May and remains above the 12 ...