Inflation Jumps to 3.7% as Gas Prices Surge and Paychecks Fall Behind for a Third Month
September consumer prices rose 0.6% on the month; gasoline is up 34.2% over the year and wages rose just 3%.
Fed Weighs Another Rate Hike on Oct. 28 as Hot Inflation Report Shifts the Odds
Markets put the odds between 44% and 52%; Fed officials are divided on how much more tightening is needed.
Oil Tops $109 and Diesel Nears $6.30 as Iran War Squeezes Supply
Brent settled at $109.86 on Friday; officials argue about whether the Russia waiver or the Navy blockade will help.
Who Owns the Price Hike? Both Parties Point Fingers as Inflation Hits 3.7%
A Democrat blames Trump's war and tariffs; a White House official calls it temporary; Vance blames Biden and Iran.