The U.S. Federal Reserve considers raising interest rates as inflation rises
US inflation rose to 3.7 percent in September, driven by energy costs, with gasoline and fuel oil prices increasing sharply.
- Gasoline prices increased by 9.1 percent, fuel oil prices rose 74% year-over-year, and energy costs climbed 20 percent over one year.
- Inflation rose to 3.6 percent in September, accelerating to 3.7 percent annually.
- The US Consumer Price Index rose 3.7% year-over-year in September, up 0.3 percentage points from August and 23.6% so far this year.
- Core inflation was 2.6% on an annualized basis in September.
- A Reuters/Ipsos survey found 78% of Americans blame the Trump administration's policies for inflation.
- The energy index increased by 5.2 percent, and energy prices largely drove inflation.
- The energy products index rose to 15.3 percent.
- Overall prices rose 0.6 percent from August, with core prices up 2.6% year-over-year.
- The 30-year Treasury yield reached 5.73%.
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