Name: CPI report shows inflation continued to climb in September
Uploaded: 2025-10-24T18:56:15+00:00
Duration: 59 s
Description: The Consumer Price Index (CPI) rose 3% in September from a year earlier, slightly below economists’ forecast of 3.1%, as the impact of President Trump’s tariffs remained limited. The Labor Department

7 days ago

News

The Consumer Price Index (CPI) rose 3% in September from a year earlier, slightly below economists’ forecast of 3.1%, as the impact of President Trump’s tariffs remained limited.

The Labor Department released the data despite the government shutdown because it determines Social Security’s annual cost-of-living adjustment.

Economists say tariffs continue to add modest upward pressure on prices, though inflation remains well below its 2022 peak of 9.1%.

The Federal Reserve now faces a dilemma: inflation is inching higher while job growth is weakening, CBS News has reported.

Despite this tension, most analysts expect the Fed to cut interest rates by a quarter point at its Oct. 29 meeting, reflecting greater concern over the slowing labor market.

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