US: Another Upside Surprise from the CPI Report in September, Keeping Pressure on the Fed

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US: Another Upside Surprise from the CPI Report in September, Keeping Pressure on the Fed  

Consumer price inflation registered +0.4% month-on-month (m/m) in September, following August’s 0.1% increase. On a year-over-year (y/y) basis, headline inflation edged down by 0.1 percentage points (pp) from August (8.3%), slowing to 8.2%. Energy prices fell by 2.1% m/m, as gasoline prices pulled back 4.9% m/m. Unfortunately, the decline in gasoline was partially offset by […]

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