Core Inflation Jumps to 40-Year High, Sending Fed Rate-Hike Bets Soaring

Core Inflation Jumps to 40-Year High, Sending Fed Rate-Hike Bets Soaring
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, on Sept. 23, 2022. Spencer Platt/Getty Images
Tom Ozimek
Updated:
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Hotter-than-expected inflation data, including the so-called “core” measure of inflation surging to a fresh 40-year high, have sparked a sharp upward revision to investor expectations for how high the Fed will hike rates as it struggles to quell price pressures.

Government data released on Oct. 13 showed that the annual “headline” rate of inflation edged down from 8.3 percent in August to 8.2 percent in September.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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