Inflation edged up in Sep., report shows
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inflation, September CPI data
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The government shutdown is now on Day 25 with no resolution in sight, as both sides remain entrenched in their positions over th
Roughly 750,000 furloughed government workers already feel crimped by the shutdown as they suffer missed paychecks and strained budgets. Those direct effects will grow dramatically on Nov. 1, when millions of low-income Americans are set to lose access to critical food assistance.
Inflation rose in September. The Bureau of Labor Statistics released CPI data during the government shutdown, which has affected some operations.
Inflation rose to 3% in September, with coffee prices jumping 19%. The Federal Reserve is expected to cut rates next week as Social Security announces a 2.8% benefit increase.
Economists expect prices to have risen 3.1% in September, which would mark a slight increase from a 2.9% year-over-year increase recorded a month prior. The anticipated reading would amount to the highest inflation since May 2024.
Better reports a government shutdown may lower mortgage rates but introduces processing delays, especially for FHA and VA loans.
Our correspondents and reporters explain the latest on the shutdown, as federal workers miss paycheques and some government services are suspended.
2don MSN
A tiny light in an economic data blackout is about to shine through the shutdown for a brief moment
Nearly two dozen days have passed since a federal agency has published an economic report. The US government’s shutdown has resulted in a blackout of critical data, further clouding an already opaque economic outlook.