Measures of U.S. inflation in September showed that the pace of price increases is still grinding lower, though at a slow and uneven pace.
Prices in the United States increased 0.4% from August to September, a slowdown from the previous month. Thursday’s report from the Labor Department also showed that annual consumer inflation in September was unchanged from a 3.7% rise in August.
Economists and Fed officials have long cautioned that inflation would likely ease in a bumpy and uneven way, though it is still expected to keep slowing into 2024. Thursday’s inflation data follows several speeches this week by Fed officials suggesting that they are inclined to leave their benchmark interest rate unchanged at their next meeting Oct. 31- Nov. 1.
Don't expect prices to go down soon: It will take a while to ‘wring extra inflation out of the economy,' says economistThe government’s budget deficit is also worsening, requiring more Treasury debt to fund it. The result has been an increased supply of Treasuries, which means a higher yield is needed to attract enough buyers.
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