Lates News

Driven by rising fuel costs, the overall U.S. CPI annual rate rose at its fastest pace in five months in September, while the core CPI measure also exceeded expectations, continuing to squeeze household budgets ahead of the November midterm elections. The report indicates that ahead of the November 3 midterm elections, the economy and especially prices will remain the focus. This also helps explain why the market expects the Federal Reserve to raise interest rates again in the coming months, even if it chooses to hold steady at its upcoming policy meeting. This report is the last inflation data before the Fed's October meeting, and Fed's Warsh will speak at the IMF meeting in Bangkok on Thursday evening New York time.