US inflation rises 5.4% from year ago, matching 13-year high

US inflation rises 5.4% from year ago, matching 13-year high

From apnews.com

Another surge in consumer prices in September sent inflation to 5.4% from a year ago, matching the highest such rate since 2008 as tangled global supply lines continue to create havoc. Consumer prices rose 0.4% in September from August as supply chain disruptions kept many goods scarce. The costs of new cars, food, gas, and restaurant meals all jumped. The annual increase in the consumer price index matched readings in June and July as the highest in 13 years, the Labor Department said Wednesday. Excluding the volatile food and energy categories, core inflation rose 0.2% in September and 4% compared with a year ago. ... (full story)

I guess the Feds minute will announce hike in the interest rate sooner than expected

Massive hike in interest rate is coming

Quoting RazorFitch

Disliked

Massive hike in interest rate is coming

Ignored

it won't come upon tapering.

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