Inflation's Stubborn Streak Continues As Shelter Costs Surge
September's consumer price data fuels debate on Fed's future moves; economists foresee a potential slowdown in rate hikes as housing market dynamics shift.
September's consumer price data fuels debate on Fed's future moves; economists foresee a potential slowdown in rate hikes as housing market dynamics shift.
Gasoline prices fuel more than half the increase; Federal Reserve faces pressure ahead of upcoming interest rate decision.
A new report by the Bureau of Labor Statistics shows housing costs leading the increase, with core CPI at 4.7% for the year.
It was the largest 12-month increase since December 1981.
'Inflation will likely remain very hot for some time'
Increases in energy, food, and shelter costs drove the increases.