US inflation higher than expected in September
Written by Black Hot Fire Network on October 12, 2023
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US inflation was higher than forecast in September, raising the prospect that the Federal Reserve may raise interest rates following similarly robust recent data on the strength of the jobs market.
The consumer price index rose 3.7 per cent year on year, according to the Bureau of Labor Statistics, the same pace as the previous month. Economists had expected a slight decline.
On a monthly . . .
