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Inflation runs hotter than expected as higher prices extend beyond the gas station

2 sources2 articles First seen Updated United States Truth score 46

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Summary

U.S. inflation was higher than expected last month as the rising prices that powered sweeping Democratic victories in last week's midterm elections appear likely to pose ongoing challenges for the White House and the Federal Reserve.

Description from PBS NewsHour.

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  1. PBS NewsHour Leans left Factuality: Very high US
    Inflation runs hotter than expected as higher prices extend beyond the gas station

    U.S. inflation was higher than expected last month as the rising prices that powered sweeping Democratic victories in last week's midterm elections appear likely to pose ongoing challenges for the White House and the Federal Reserve.

  2. Zero Hedge Right Factuality: Low US
    CPI Prints Hotter Than Expected; 50bps Rate-Hike Now On The Table As Fed's Waller Sparks Hawkish Panic

    CPI Prints Hotter Than Expected; 50bps Rate-Hike Now On The Table As Fed's Waller Sparks Hawkish Panic With today's CPI print ( and its 'ghost' YoY data and healthcare plug ) on everyone's mind, hawkish comments from Fed Governor Chris Waller already gave markets a jolt this...

    Low reliability sourceElevated risk

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