US Consumer Prices Accelerate in September
US consumer prices accelerated in September driven by a surge in gasoline costs. The data raised concerns over sticky inflation and put a Federal Reserve rate hike back on the table.
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United States consumer prices rose 0.6% in September as gasoline costs surged, putting a Federal Reserve rate increase back on the table. The acceleration follows a 0.4% gain in August, driven by energy pressures stemming from conflicts involving Israel and Iran . Financial markets now see the central bank's upcoming policy meeting as a closer call for additional monetary tightening.
