BusinessPhoto: HT WorldUS Inflation Rises to 3.6% in September, Boosting Fed Rate Hike Odds
US inflation increased to 3.6% in September, up from 3.4% in August, driven by higher gasoline and goods prices. The Personal Consumption Expenditures (PCE) Price Index rose 0.5% in September, matching economists' expectations. Core PCE inflation, excluding food and energy, rose 0.3% in September and August. This rise strengthens expectations of a Federal Reserve interest rate hike in December.
HT World·


