Mike Shedlock: U.S. CPI rose 0.65 percent in September, outpacing expectations

Mike Shedlock: U.S. CPI rose 0.65 percent in September, outpacing expectations
U.S. CPI rises 0.65 percent in September

U.S. consumer price index (CPI) increased by 0.65 percent in September, a higher rate than expected.

Mike Shedlock, author and blogger at MishTalk, shared this data and stated that the Federal Reserve should raise rates in October but is likely to wait until December.

Earlier this year, Shedlock reported a record low in the consumer sentiment current conditions index, led by a sharp decline among independents. In a separate analysis, he questioned the necessity of U.S. imports of Russian diesel amid strong domestic exports. His coverage continues to track shifts in key economic indicators and trade activity.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.