Consumer prices rose more than expected in September as surging energy costs and stubborn underlying inflation complicated the Federal Reserve’s efforts to bring prices under control, according to the latest Consumer Price Index (CPI) report. Why it matters: The bigger ...
Consumer prices rose modestly in July, matching economists’ expectations and providing additional evidence that the inflation pressures created by the Iran war and surge in energy prices are beginning to ease. Energy continues to improve: Energy prices fell 1.5% in ...
Markets are preparing for a pivotal inflation report Wednesday that could go a long way toward determining whether the Federal Reserve raises interest rates in September. Why it matters: Investors are almost perfectly divided over the Fed’s next move, meaning ...