US Inflation Stays Above Federal Reserve Target for 66 Consecutive Months

US inflation remained above the Federal Reserve's target for 66 consecutive months. The US Consumer Price Index (CPI) rose 3.7% year-on-year in September, exceeding market expectations and extending inflation above the Fed's 2% target to 66 consecutive months, or more than five years. According to data from Bespoke Investment Group, this is the third period […]

The US Consumer Price Index (CPI) increased by 3.7% in September compared to last year; A figure that is beyond, White House senior adviser: The overall inflation figure was disappointing. The strength and strength of the economy is clearly evident. The strength of the economy is partially reflected in the inflation data. The surface witness of the boom of artificial intelligence marked the sharpest increase in the price of computers in the last two decades. The widespread expansion of artificial intelligence infrastructure has occurred at the same time as the significant increase in the price of consumer technologies and has become a new source of pressure. Wall Street Journal: Netflix lays off 6% of its employees. Netflix was laying off 6% of its workforce Rising gasoline prices accounted for more than half of the jump in US inflation Gasoline prices rose 9.1% in September; Meanwhile, fuel oil prices, including diesel, jumped as US inflation jumped; The probability of an interest rate hike by the Federal Reserve increased. On the Colchi forecasting platform, the probability of the Federal Reserve raising interest rates in October is now estimated at 33%; In the meantime, get informed about the news by subscribing to the YouTube and Times newsletter.

The US Consumer Price Index (CPI) increased by 3.7% in September compared to last year; The figure exceeded market expectations and brought inflation above the Federal Reserve's 2% target to 66 consecutive months, equivalent to more than five years.

This is the third time in a century that U.S. inflation has remained above 2 percent for at least five consecutive years, according to data from Bespoke Investment Group. The persistence of inflationary pressures continues to make the path of the Federal Reserve to reduce interest rates difficult.