Zachary Halaschak is an economics reporter at the Washington Examiner. Before moving to Washington, he worked in Alaska, covering politics, government, and crime for the Ketchikan Daily News. While there, Zach won the Alaska Press Club’s second-place award for best reporting on crime or courts for his coverage of a local surgeon’s alleged murder. He graduated from the University of Richmond in 2017 and is originally from Marco Island, Florida.
Inflation, as measured by the producer price index, ticked up to 2.2% for the year ending in September, the third such month of increases.
This latest increase is an indication that inflationary pressures are persisting to some degree despite the Federal Reserve’s campaign to slow economywide spending by hiking interest rates.FOREIGN AND DOMESTIC CRISES UPEND BIDEN 2020 CAMPAIGN PROMISE OF RETURN TO STABILITY Recent employment reports have bolstered the notion that the jobs market is still holding up remarkably well despite the tightening by the Fed.
The numbers show that job growth is accelerating rather than decelerating. That complicates things for the Fed because it means that rates might have to stay higher for longer or even go up even more.
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Wholesale inflation in US rises 2.2% in September, biggest year-over-year gain since AprilU.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates. The Labor Department reported Wednesday that its producer price index — which measures inflation before it hits consumers — climbed 2.2% from a year earlier. That was up from a 2% uptick in August. On a month-to-month basis, producer prices rose 0,5% from August to September, down from 0.7% from July to August. Excluding volatile
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Wholesale inflation in US rises 2.2% in September, biggest year-over-year gain since AprilU.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates.
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Wholesale inflation in US rises 2.2% in September, biggest year-over-year gain since AprilU.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates.
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Producer price inflation comes in a little hotter in September, highest annual rate in five monthsGreg Robb is a senior reporter for MarketWatch in Washington. Follow him on Twitter grobb2000.
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