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
Related news
Microsoft market value nears $4 trillion after Friday’s rise
Amazon shares rise as investors back its cloud and AI businesses
21-year-old puts college on hold to build a medical technology startup
Wall Street’s record-breaking trading streak is expected to cool
Amazon in talks to buy AI startup Decart for about $7 billion
Oura delays IPO plans as it faces lawsuit over sleep-tracking accuracy
OpenAI’s annualised revenue is reported at $50 billion, not $70 billion
Gold rises as oil and the dollar weaken ahead of US inflation data
Wall Street gains help lift the dollar, complicating Trump’s push for a weaker currency
Apple reportedly cuts iPhone 18 Pro component orders by up to 20%
SpaceX spectrum deal deepens Starlink’s push into U.S. mobile service
