Inflation ticked up 3% in Sep., U.S. belatedly reports
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Inflation, prices
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Inflation ticked up again in September. Price gains were led by increases in the cost of gasoline. See what other costs went up and down.
The cost of living got even more expensive for Americans last month, with prices rising at the fastest pace since the start of the year.
Inflation remained elevated in September as the BLS released the delayed consumer price index inflation report, as Fed policymakers are set to weigh interest rate cuts next week.
The inflation report helps the Federal Reserve make rate change decisions, but the shutdown has interrupted data gathering.
The latest inflation report may or may not have an adverse impact on mortgage rates. It's too soon to tell definitively. But it won't help ease the Fed toward additional rate cuts, and it could complicate the mortgage rate climate more than it already is.
The report was originally scheduled to be released on October 15, but was pushed to Friday due to the ongoing government shutdown.
15hon MSN
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