What happened. Why it matters. Plainly.
Consumer prices rose 3.7% in September from a year earlier, up from 3.4% in August. Gasoline jumped 9.1% and drove more than half of the monthly rise, while core prices rose 2.6% and the Social Security adjustment for 2027 is 3.6%.
Iran’s rial traded at 2.723 million per dollar on the open market on Oct. 4, per Iran International. See the timeline, the bank dollar program and inflation.
John Williams said there is no need for urgency on rates, but one more increase may be appropriate late this year. Both halves of the speech, explained.
CNBC reports Goldman’s Joseph Briggs says falling happiness may partly explain sour U.S. consumer sentiment despite steady job growth.
The Fed raised rates a quarter point to 3.75%-4.00%, its first hike since 2023. See how it affects mortgages, credit cards, savings and auto loans.
The Social Security Administration announced a 3.6% cost-of-living adjustment for 2027 on Oct. 14, about $75 more a month for the average retired worker; the earlier estimates ranged from 3.2% to 3.6%.