September inflation rose to 3.7 per cent, leaving Federal Reserve officials in a difficult position before their interest rate decision later this month.
01Summary
- 01Annual inflation, measured by the consumer price index, was 3.7 per cent in September.
- 02That was up from 3.4 per cent in August.
- 03The data suggest price pressures are still weighing on the US economy.
- 04The figures come ahead of the Federal Reserve's decision on interest rates later this month.
02Why it matters
The report points to inflation remaining sticky, which could affect borrowing costs for households and businesses. It also shows the Federal Reserve is facing a difficult balancing act as it weighs its next move on rates.
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