U.S. Inflation Data Raise Odds of Another Fed Rate Hike This Year
Photo: TokenPost
September’s hotter-than-expected consumer and producer inflation reports strengthened market expectations for another Federal Reserve rate increase this year, while futures pricing showed little certainty that the move would come in October. The Consumer Price Index (CPI) rose 0.6% from August, accelerating from 0.4% that month. Annual inflation reached 3.7%, up from 3.4%. Core CPI, which excludes food and energy, increased 0.3% for the month and 2.6% over the year, above forecasts of 0.2% and 2.5%, respectively. The annual core rate was 2.4% in August. The Producer Price Index (PPI) climbed 1.3% in September, its largest monthly increase since March 2022.
Source: TokenPost
