Inflation rises in September, boosted by soaring shelter and gas prices

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Inflation rises in September, boosted by soaring shelter and gas prices
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The data comes amid a widening debate about whether the Fed needs to hike rates again.

Share on email Soaring yields have tightened financial conditions, helping to accomplish the Fed's goals of taking some steam out of the economy, amid a growing debate about whether the Federal Reserve

Yet both inflation and demand have proven resilient in the face of a weakening economy, with energy prices jumping and thehad expected headline CPI to edge lower, to 3.6% from 3.7%, with annual core inflation falling to 4.1% from 4.3% prior.Share on facebook

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