{"id":1687908,"date":"2022-10-13T10:31:40","date_gmt":"2022-10-13T14:31:40","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1687908"},"modified":"2022-10-13T10:32:16","modified_gmt":"2022-10-13T14:32:16","slug":"with-no-sign-of-slowing-down-inflation-spiked-more-than-expected-in-september-2","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/with-no-sign-of-slowing-down-inflation-spiked-more-than-expected-in-september-2\/","title":{"rendered":"With No Sign of Slowing Down, Inflation Spiked More Than Expected in September"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwith-no-sign-of-slowing-down-inflation-spiked-more-than-expected-in-september-2%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1687908&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> <a class=\"\" href=\"https:\/\/freebeacon.com\/latest-news\/\">Latest News<\/a> <\/p>\n<p class=\"article-excerpt\">Weekly jobless claims are also on the rise, the Labor Department reports<\/p>\n<p>    People shop in a supermarket as rising inflation affects consumer prices in Los Angeles, California, U.S., June 13, 2022. REUTERS\/Lucy Nicholson   <a href=\"https:\/\/freebeacon.com\/author\/reuters\/\" title=\"Posts by Reuters\" class=\"author url fn text-red-700\" rel=\"author\">Reuters<\/a> \u2022 October 13, 2022 10:20 am  <\/p>\n<p>WASHINGTON (Reuters)\u2014U.S consumer prices increased more than expected in September and underlying inflation pressures continued to build up, reinforcing expectations that the Federal Reserve will deliver a fourth 75-basis points interest rate hike next month.<\/p>\n<p>The consumer price index rose 0.4% last month after gaining 0.1% in August, the Labor Department said on Thursday. Economists polled by Reuters had forecast the CPI climbing 0.2%.<\/p>\n<p>In the 12 months through September, the CPI increased 8.2% after rising 8.3% in August. The annual CPI peaked at 9.1% in June, which was the biggest advance since November 1981.<\/p>\n<p>Despite the continued moderation as supply chains ease and oil prices retreat from the highs seen in the spring, inflation is running way above the Fed&#8217;s 2% target.<\/p>\n<p>Gasoline prices have likely bottomed following last week&#8217;s decision by the Organization of Petroleum Exporting Countries and allies to cut oil production. Russia&#8217;s war against Ukraine poses an upside risk to food prices.<\/p>\n<p>Stubbornly high inflation and a tight labor market allow the U.S. central bank to maintain its aggressive monetary policy stance for a while. The government last week reported solid job growth in September, with the unemployment rate falling back to a pre-pandemic low of 3.5% from 3.7% in August.<\/p>\n<p>Financial markets have almost priced in another three-quarters of a percentage point rate increase at the Fed&#8217;s Nov. 1-2 policy meeting, according to CME&#8217;s FedWatch Tool.<\/p>\n<p>The Fed has since March hiked its policy rate from near zero to the current range of 3.00% to 3.25%. Minutes of the Fed&#8217;s Sept. 20-21 meeting published on Wednesday showed policymakers &#8220;expected inflation pressures to persist in the near term.&#8221;<\/p>\n<p>Excluding the volatile food and energy components, the CPI climbed 0.6% in September after rising 0.6% in August. The so-called core CPI jumped 6.6% in the 12 months through<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON (Reuters)\u2014U.S consumer prices increased more than expected in September and underlying inflation pressures continued to build up, reinforcing expectations that the Federal Reserve will deliver a fourth 75-basis points interest rate hike next month.<br \/>\nThe post With No Sign of Slowing Down, Inflation Spiked More Than Expected in September appeared first on Washington Free Beacon.<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1687908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1687908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1687908"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1687908\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1687908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1687908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1687908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}