Inflation edged higher in September amid a jump in gasoline prices and other essentials like electricity, while President Donald Trump’s tariffs put pressure on prices for physical goods like clothing and furniture, economists said. The consumer price index, a key inflation barometer, rose 3% in September from a year earlier, the Bureau of Labor Statistics reported Friday….
Prices that people pay for a variety of goods and services rose less than expected in September, according to a Bureau of Labor Statistics report Friday that keeps the door wide open for another interest rate cut next week. The consumer price index showed a 0.3% increase on the month, putting the annual inflation rate…
By Purvi Agarwal and Shashwat Chauhan (Reuters) – U.S. stock index futures were slightly higher on Thursday as investors refrained from making large bets ahead of crucial inflation numbers that are likely to influence the Federal Reserve’s monetary policy path. A reading of consumer prices is due at 8:30 a.m. ET, with inflation expected to…