Business · Economy · 1 day ago
Higher Gasoline Prices Likely Pushed Up US Inflation in September
US inflation was likely higher in September than the month before, mainly because gasoline prices rose.
At the same time, underlying price pressures appear to have eased.
This means the overall inflation figure may not show that price pressures broadly strengthened.
The figures concern the United States and could shape the Federal Reserve’s interest-rate decision.
The Fed is expected to leave rates unchanged this month rather than raise them.
The inflation data will help inform that decision.
Higher gasoline prices probably pushed up overall US inflation in September.
Underlying price pressures moderated during the month.
The inflation outlook supported expectations that the Federal Reserve would not raise interest rates that month.
- Who
- US consumers and the Federal Reserve.
- What
- Higher gasoline prices probably boosted overall inflation, even as underlying price pressures moderated.
- When
- September.
- Where
- The United States.
- Why
- Higher gasoline prices likely drove quicker overall inflation.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
This story does not have a timeline yet.
- Country
- United States
- Month
- September
- Price factor
- Higher gasoline prices
- Policy outlook
- The Federal Reserve was expected to refrain from raising interest rates that month
Sources
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