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Economist breaks down new inflation report and what's driving prices higher

With the midterm elections just three weeks away, a new inflation report shows prices rising faster than expected, putting more pressure on Americans struggling with the cost of everyday essentials. To discuss what the latest numbers mean for Americans, Amna Nawaz spoke with Heather Long, vice president and chief economist at Navy Federal Credit Union.

Sources (1)· Oct 14, 10:55 PM

inflation report release Economy Security

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PBS News· Oct 14, 10:55 PMEconomist breaks down new inflation report and what's driving prices higher

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inflation report release →

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September's CPI Came in Hotter Than Expected and Geopolitical Tensions Climbed. Stocks Fell.Traders believe there are higher chances that the Federal Reserve will hike rates in October's meeting, although they moderated their expectations throughout the day.

International Business Times1d agoWhole story →

Economy inflation report release

Steve Moore warns stubborn inflation could complicate Fed rate decisionThe latest inflation report is putting renewed attention on the Federal Reserve's next interest rate decision as Americans continue facing elevated prices.

WJLA1d agoWhole story →

Planet inflation report release

The Fed's Preferred Inflation Gauge Was Cooler And Private Payrolls Beat Expectations. Stocks Were Mixed.Odds of a rate hike by the Federal Reserve decreased significantly after the personal consumption expenditures price index figures were released.

International Business Times15d agoWhole story →

Economy inflation report release

Inflation stayed hot in August, as CPI rose at an annual rate of 3.4% - higher than economists expectedThe report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.

CBS News1mo agoWhole story →

Economy inflation report release

Inflation report lands amid spiking oil prices, rising interest rates and Fed on fenceFriday’s inflation report is shaping up to be among the most consequential in years. Oil and gas prices have spiked again on the back of renewed combat in the Middle East. The Federal Reserve is considering whether to lift its short-term interest rate next week, with some officials saying Friday’s report could swing them either way. And longer-term…

The Atlanta Journal-Constitution1mo agoWhole story →

Economy inflation report release

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