US CPI Released
Published on: Oct 12, 2023|1 min read
London: 12 October 2023 (TraderMade): The US Bureau of Labor Statistics released the Consumer Price Index (CPI) for September today. The financial world was eager for this economic data release, as it may shape various markets.
Rising prices of fuel and transportation drive the CPI this time. The index increased 3.7% YoY. Headline and core CPI rose by 0.3% in September. For a monthly outlook, prices rose 0.4%. The increase was 0.6% in August.
The Fed closely watches core prices (excluding fuel and food) that rose 0.3%. Thus, bringing down the inflation rate to the Fed's target of 2% may be more tedious than expected.
