BRENDAN SMIALOWSKI / AFP via Getty Images Federal Reserve officials such as Chair Jerome Powell have said they're paying close attention to jobs. Key Takeaways The Consumer Price Index rose less than expected in September, leaving the Fed on track to cut interest rates. Fed officials had held their key interest rate high this year to subdue inflation, but the Fed has decided to cut interest rates to boost the job market. It would have taken a surprising surge of inflation in September to deter the F ...

US September CPI (unadjusted YoY): 3% (exp. 3.1%, prev. 2.9%).US September CPI (SA MoM): 0.3% (exp. 0.4%, prev. 0.4%).US September Core CPI (unadjusted YoY): 3% (exp. 3.1%, prev. 3.1%).US September Core CPI (SA MoM): 0.2% (exp. 0.3%, prev. 0.3%).White House says no US inflation data likely next month. Analysts warn Fed’s December decision will be highly complex. ...

The US government will probably be unable to release inflation data for October, the White House said Friday, citing the ongoing government shutdown. https://t.co/uTxmPSTieR ...

美国白宫官方账号发文称，白宫方面已经了解到，下个月可能将是历史上首次没有通胀数据可以发布。白宫指责，由于民主党导致政府关门，调查人员无法前往实地开展工作，这导致政府无法获取关键数据。其经济影响可能会极其严重。Rapid Response 47 (@RapidResponse47):🚨 BREAKING: The White House has learned there will likely NOT be an inflation release next month for the first time in history.Due to the Democrat Shutdown, surveyors cannot deploy to the field — depriving us of critical data.The economic consequences could be devastating. ...

Core Insights - Inflation remained elevated in September, with the consumer price index (CPI) rising 0.3% month-over-month and 3% year-over-year, up from 2.9% in August [1] - Core prices, excluding volatile food and energy costs, increased by 0.2% from the previous month and 3% year-over-year, both figures slightly below economists' expectations [2] Economic Impact - High inflation has imposed significant financial pressures on U.S. households, particularly affecting lower-income Americans who spend a larger portion of their income on necessities [3] - Food prices rose by 0.2% in September, with a year-over-year increase of 3.1%. The food at home index increased by 0.3% monthly and was 2.7% higher than a year ago, while the food away from home index rose 0.1% month-over-month and 3.7% year-over-year [4]

Core Insights - US inflation increased to 3% in September, slightly below the expected 3.1%, indicating potential for Federal Reserve rate cuts [1][2][5] - The Consumer Price Index (CPI) rose 0.3% month-over-month, marking the fastest annual rate since the beginning of the year [2][4] - Core inflation, excluding food and energy, also rose to 3%, down from 3.1% the previous month, contrary to expectations of remaining flat [4][5] Economic Context - The CPI report was delayed due to the federal government shutdown, which is now the second-longest in history [5] - There are concerns regarding the accuracy of the inflation report due to the ongoing government shutdown [7] - The Federal Reserve is expected to cut interest rates at its upcoming policy meeting, following a quarter-point cut last month [7][9] Market Reactions - Wall Street showed a positive response, with the Dow Jones Industrial Average rising by 66 points, or 0.1%, in premarket trading [6] - Analysts suggest that if unemployment data weakens significantly, a 50 basis point cut could be anticipated in December [6] Federal Reserve Dynamics - There is internal dissent among Federal Reserve officials regarding the pace of rate cuts, with some advocating for a half-point cut while others prefer a quarter-point cut [8] - Economists are monitoring the impact of tariffs on prices as part of the broader inflation discussion [8]

Michael Kopoulos, Richard Bernstein, advisers, deputy chief uh investment officer, David Seif, no more chief economist uh for developed markets. All right, General, who wants to who wants to start. So, this is probably Dave, this is probably about what you were expecting, is it not.>> Yeah, it's even a little bit softer. Um and so that that's great news for the Fed in terms of uh their ability to to cut in October, which didn't really seem that much in doubt, but also to follow the dot plot in December. uh ...

Michael Kopoulos, Richard Bernstein, advisers, deputy chief uh investment officer, David Seif, no more chief economist uh for developed markets. All right, General, who wants to who wants to start. So, this is probably Dave, this is probably about what you were expecting, is it not.>> Yeah, it's even a little bit softer. Um and so that that's great news for the Fed in terms of uh their ability to to cut in October, which didn't really seem that much in doubt, but also to follow the dot plot in December. uh ...

Inflation Data - US inflation data is at 3% [1]

Editor's note: A prior post was removed to correctly reflect US inflation data. It's at 3%. ...