September CPI Ticks Down Year Over Year, but Pressure Remains on Wages

The Consumer Price Index (CPI) rose 8.2 percent for the 12 months ending in September, disappointing those who had expected to see a greater slowdown in consumer inflation as the Federal Reserve hikes interest rates. Resilient inflation means that the Fed is likely to continue with large interest rates hikes to slow the economy, increasing recession concerns.
Source: New feed 2