Market News / Story
Pantheon sees September CPI rising 0.6% as gasoline prices jump
Seeking Alpha ·
Seeking Alpha reports: U.S. consumer prices likely rose 0.6% in September, driven primarily by a nearly 10% jump in gasoline prices, while core inflation, which excludes food and energy, probably rose just 0.2%, Pantheon Macroeconomics said. The split should allow the Federal Reserve to refrain from tightening policy again at its Oct. 28 meeting, Pantheon said. Higher gasoline prices are expected to add 0.4 percentage point to headline inflation. The report is due Wednesday. The oil shock…