September's Consumer Price Index will serve as the latest test of whether inflation will continue to ease as the Federal Reserve debates its next interest...
A closely watched report on US inflation showed consumer price increases ticked lower on an annual basis during the month of September but "core" prices remained sticky, according to the. The yearly increase, which was the lowest annual headline reading since Feb. 2021, came in hotter than economist expectations of a 2.3% annual increase.
But the Federal Reserve has recently shifted its attention to the state of the labor market, which has been surprisingly resilient in the face of high interest rates.showed the labor market added 254,000 payrolls in September, more additions than the 150,000 expected by economists, while the unemployment rate fell to 4.1% from 4.2%.
"September’s CPI report has good news and bad news for the Fed," Raymond James' chief economist Eugenio Aleman wrote in reaction to the report. "The good news is that shelter costs slowed down. ...However, it also showed that there are still plenty of upside risks for inflation going forward."The index for rent and owners' equivalent rent each rose 0.3% from August to September.
Poland is tightening its visa regulations as probes into alleged cash-for-visa scandal have confirmed irregularities under the previous right-wing government which cost the public purse millions of dollars, the foreign minister of this European Union country said Thursday. Radek Sikorski said it will be much tougher now to obtain a visa for Poland, a document which gives access to unrestricted travel within Europe’s border-free Schengen zone, and the vetting of applicants will be stepped up.
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