ECONOMIST COMMUNICATIONS AGENCY reported on the 15th: The latest U.S. September Consumer Price Index (CPI) increase exceeded market expectations, reflecting ongoing inflationary pressures, and market expectations for a rate hike by the Federal Reserve at its September 27-28 meeting surged sharply. U.S. President Trump criticized the Fed for artificially raising interest rates, calling it "terrible."
White House economic advisor Hassett stated that the overall U.S. inflation data for September was indeed disappointing, but the energy price shock reflected therein is the real focus. He believes the September inflation rise might have been affected by short-term factors such as seasonal adjustments, and the Federal Reserve should wait for more data before deciding whether to raise rates further.
The U.S. September Consumer Price Index (CPI) rose 3.7% year-on-year, higher than the market expectation of 3.6% and accelerating from August's 3.4%; it rose 0.6% month-on-month. Core CPI rose 2.6% year-on-year, exceeding the expected 2.5% and the previous 2.4%, and rose 0.3% month-on-month, indicating that inflationary pressures have not fully subsided. (yc)
White House economic advisor Hassett stated that the overall U.S. inflation data for September was indeed disappointing, but the energy price shock reflected therein is the real focus. He believes the September inflation rise might have been affected by short-term factors such as seasonal adjustments, and the Federal Reserve should wait for more data before deciding whether to raise rates further.
The U.S. September Consumer Price Index (CPI) rose 3.7% year-on-year, higher than the market expectation of 3.6% and accelerating from August's 3.4%; it rose 0.6% month-on-month. Core CPI rose 2.6% year-on-year, exceeding the expected 2.5% and the previous 2.4%, and rose 0.3% month-on-month, indicating that inflationary pressures have not fully subsided. (yc)
