Energy to Blame as Inflation Rises, Setting Up Rate Hike
Despite the Federal Reserve’s attempts to combat inflation, the latest data from the U.S. Bureau of Labor Statistics (BLS) reveals that such progress may be minor, or nonexistent. The September CPI report saw a 0.6% monthly increase, with annual inflation gaining traction once again at 3.7%. The latest data is up from August’s report, which…
The post Energy to Blame as Inflation Rises, Setting Up Rate Hike appeared first on RISMedia.
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