U.S. inflation rate climbed to 3% in Sep., highest this year
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Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.
The Bureau of Labor Statistics is slated to release September's Consumer Price Index report of inflation, which was delayed by the government shutdown.
The White House said on Friday it had learned there likely will not be a release of inflation data next month due to the U.S. government
Inflation last month rose at an annual rate of 3%, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.
The September CPI inflation report is likely to show that the cost of food, electricity and housing all continued to increase for Americans.
The White House warned late Friday in a social-media post that fresh inflation data next month may not emerge because of the ongoing government shutdown. The stock market cheered Friday's release of a mild September reading of the consumer-price index,
The government shutdown likely means there won’t be an inflation report next month for the first time in more than seven decades, the White House said Friday, leaving Wall Street and the Federal Reserve without crucial information about consumer prices.
Crypto market investors awaits US CPI inflation data release on Friday as uncertainty rise ahead of the expected 25 bps Fed rate cut.
Consumer prices rose 3% in September compared to a year ago, extending a monthslong uptick that has sent inflation to its highest level since January, government data on Friday showed.
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Inflation data unlikely to be released next month, White House says
( NewsNation) — The White House says there likely won’t be an inflation report released next month due to the ongoing government shutdown.