US CPI rises 0.6% in September, annual inflation hits 3.7%
AI-generated briefing · First published
Hotter-than-expected inflation data lifted rate-hike bets and sent Treasuries and bitcoin lower.
The US Consumer Price Index rose 0.6% in September from August and 3.7% over the year, above forecasts, driven by a 9.1% jump in gasoline prices amid Middle East supply disruptions. [1] [3] [5] [6]
Core CPI, excluding food and energy, increased 0.3% month-on-month and 2.6% year-on-year. [1] [3]
US Treasuries slumped and bitcoin fell sharply as traders raised odds of Federal Reserve rate hikes later this month and next year. [2] [4]
Sources
- CPI for all items increases 0.6% in September; gasoline rises
BLS Consumer Prices · · Excerpt
- U.S. September CPI comes in hot, sending bitcoin sharply lower
CoinDesk · · Summary only
- 美国9月消费者价格上涨0.6%,年度通胀率达3.7%
Sina Finance · · Full text
- US Treasuries Slump as Hot Inflation Lifts Fed Rate-Hike Bets
Bloomberg · · Summary only
- US inflation rises more than expected ahead of midterm elections
BBC Business · · Excerpt
- US Consumer Prices Rise at Fastest Pace in Five Months
Bloomberg · · Summary only