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The Independent UK
The Independent UK
National
Christopher Rugaber

US inflation may have risen only modestly last month as Fed officials signal no rate hike is likely

Copyright 2023 The Associated Press. All rights reserved.

Inflation in the United States likely eased again last month, though the decline might have slowed since summer, a reminder that the outsize price pressures of the past two years will take more time to cool.

Consumer prices are forecast to have risen 0.3% from August to September, according to economists surveyed by the data provider FactSet. Such a rise would be much slower than the previous month's 0.6% price increase but still too fast to match the Fed's 2% inflation target.

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