Inflation in the U.S. accelerated moderately in September with the consumer-price index CPI up 0.4% in September from August, and 5.4% on an annual basis, the Bureau of Labor Statistics said Wednesday. The CPI was up 0.3% in the month of August.
U. S. inflation isn’t going away and that means the Federal Reserve’s tapering plans are likely remain on track.
Inflation is expected to rise more in the remaining months of 2021 in addition to a surge in the costs of energy products, which would cast doubts on the Federal Reserve’s view that high inflation is transitory.
The U.S. stock index futures reacted to CPI latest data by extending gains, but last traded flat.
Tags cpi energy prices FED tapering
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