US Inflation Rises Less Than Expected in September

Oct 11 13:10 2018 Print This Article

U.S. consumer prices rose less than expected in September, held back by a slower increase in the cost of rent and falling energy prices, as underlying inflation pressures appeared to cool slightly.

The modest price increases come despite a U.S. labor market that looks robust by most measures. A separate report on Thursday showed an unexpected but modest rise in the number of Americans filing for unemployment benefits last week.

With the readings only slightly below what analysts expected, the inflation report is not likely to impact expectations the Federal Reserve will raise interest rates at its December policy meeting.

U.S. Treasury yields extended their fall while U.S. stock index futures pared losses, as the data dented expectations of a more aggressive pace of Fed rate hikes. The dollar held at lower levels against a basket of currencies.

Read More

About Article Author

Market Pulse

Established in 2006, MarketPulse is a free news site that provides full-time coverage of the world's largest financial markets, focusing on forex, commodities, and global indices research and analysis. Armed with a global team of securities analysts and strategists, Market Pulse provides timely, accurate, and informative research on major macroeconomic trends, technical analysis, and worldwide events that impact different asset classes and investors.

Related Items

Things to Watch in the Week Ahead

"The sky is falling. The sky is falling," they cried, as equities plunged in December.  It is signaling a recession, we were told.  Instead, global equities have begun the year with a strong advance.  The S&P 500 gapped higher ahead of the weekend, extending this year's rally to about 14%.  ...

Schlumberger Sees International Growth Ahead

A late year drop in oil prices as U.S. shale production surged, rising U.S. interest rates, an equity market selloff and the negative impact of geopolitics on global supply and demand collided to cause what Schlumberger (NYSE: SLB) CEO Paal Kibsgaard called a near-perfect storm by year-end 2018. Bu ...

‘Black Monday’ is, umm, this Sunday

You better be watching this Sunday night or I don’t even know what to tell you. I know there’s football, this is for after… Welcome to “Black Monday,” a new Showtime comedy series that imagines the stock market crash of 1987 as the result of a rogue brokerage firm aiming to outfox the olde ...

Schedule for Week of January 20th

Special Note on Government Shutdown: If the Government shutdown continues, then some additional releases will be delayed. For example, this coming week, the new home sales and durable goods reports will not be released if the government remains shutdown - and probably delayed even if the government ...

Bogle’s Big Mistake

The world lost a legend this week. Jack Bogle had a greater impact on the average investor than anyone who ever lived. Bogle, however, was not an overnight sensation. The index fund, which he is best known for, wasn’t created until his fifth decade on the planet. I wanted to share the challenges h ...

Strong US Data, Trade Solace, & Consistent Fed Speak Drive Strong Dollar and Risk Narrative

The US dollar rally continues to be supported by strong US data, accommodative comments from Fed officials, and a very strong US stock market.  This week also saw big shifts in interest rate probabilities, the market shifted from seeing the next move go from a cut to now favoring a rate hike.  Ne ...

Stocks rally as hope mounts for U.S.-China trade deal

Stocks rallied Friday, with major indexes trading higher for a fourth session, on reports that stoked hopes for progress in trade talks between the U.S. and China. Optimism over a potential bilateral deal helped to offset worries about the prolonged partial government shutdown and mixed corporate r ...

How Long Before Renewable Energy Causes Disruption?

This week we interview Grant Arnold CEO of BluEarth Renewables on how and when renewables could disrupt the current electric utilities model.  What is the state of renewables in Alberta, Canada and beyond?  What are the implications for natural gas generation, utilities and energy costs? ...

Clips From Today’s Halftime Report

Final trades: Apple, JPMorgan, Alphabet, Nike & Comm. Services from CNBC. ... ...

Separating the Contenders from the Pretenders

The S&P 500 is in the midst of a big run that lifted most boats, especially financial stocks. Even though these stocks are leading with the biggest gains over the last three weeks, most big financials are still in downtrends overall and below their 200-day SMAs. Take Citigroup for example. Even ...

Did Trudeau’s cabinet shuffle make his government better? - Loonie Politics

  Nine months away from the election, Prime Minister Justin Trudeau decided it was time to shake things up in his cabinet by shuffling some people around. If this lead sounds familiar, it is because I wrote the same one 6 months ago. Of course, it is said that the Prime Minister had no other choi ...