CPI report shows inflation continued to climb
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Inflation rose in September. The Bureau of Labor Statistics released CPI data during the government shutdown, which has affected some operations.
Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.
September CPI came in softer than expected, with both headline and core inflation easing from August levels. Click here to read what investors need to know.
The last CPI data from August weren’t overly reassuring. It showed headline inflation increased to 2.9%, due mainly to recently instituted tariffs. For comparison, the CPI reading in April, before most of President Trump’s tariffs went into effect, showed inflation of 2.3%.
Stocks rallied Friday as investors weighed the latest data on inflation from the consumer-price index (CPI). The Dow booked its biggest weekly percentage gain since July.
Dollar rises vs. yen as traders eye CPI data and US-China trade threats. Fed shifts focus to labor market; inflation outlook still in play.
The on-chain analytics platform Lookonchain reported on X that a crypto whale with a 100% win rate took long positions on Ethereum (ETH) and Bitcoin (BTC). As per latest HyperDash data, the trader has increased his long position to 33,270 ETH worth $132 million and opened a a four times leveraged long position on 680 BTC worth $75.8 million.
Investors are bracing for an upcoming reading on inflation from the Bureau of Labor Statistics — a crucial piece of the U.S. economic picture in an otherwise vacuum of government data during the shutdown.