News
U.S. September CPI rises 0.6% MoM and 3.7% YoY, beating forecasts
The Consumer Price Index for September increased 0.6% month-over-month and 3.7% year-over-year, surpassing the expected 3.6% annual rise. Core CPI also exceeded expectations, climbing 0.3% month-over-month and 2.6% year-over-year. Energy prices drove the increase, with gasoline up 9.1% month-over-month. Real wages fell for the sixth straight month, reducing household purchasing power. After the data, the odds of a Federal Reserve rate hike in October rose to nearly 50%, though some analysts still anticipate unchanged rates.