US prices rose faster last month. Gas drove most of the jump.
Gas rose 9.1% in one month. It drove over half of the rise.
Food prices did not move in September. Grocery prices fell a little.
Shelter costs rose 0.4%. Rent takes a big share of pay.
Core prices rose 2.6% in a year. Core leaves out food and energy.
The Fed meets October 27 and 28. A new hike is now more likely.
The Fed wants 2% inflation. The rate is well above that goal.
The Nasdaq fell 0.8%. The S&P 500 dropped 0.6%.
Midterms are on November 3. Cost of living is a top issue.
A 3.5% benefit rise is projected for 2027. That would lift the average check.
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