Inflation unexpectedly picked up in September, signaling the economy is still far from normal
The latest reading also suggests inflation might not be as transitory as the White House and the
Used car prices, which counted for roughly one-third of the spring's inflation surge, saw prices drop 0.7% in September. While that's not as big a decline as August's 1.5% slump, it signals the category isn't contributing to continued rising prices. across the country. The administration has secured commitments from UPS, Walmart, and FedEx to work 24/7 to solve backlogs and pull shipping times back to normal, a senior administration official said in a Tuesday call.
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China exports up 28% in September; surplus with US at $42BChina’s import and export growth slowed in September amid shipping bottlenecks and other disruptions combined with coronavirus outbreaks, according to customs data. The politically sensitive trade surplus with the U.S. rose to $42 billion in the month.
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Russia says Taiwan is part of China as two powers further align against U.S.'We believe more countries, with their eyes wide open, will oppose the U.S. hegemonic approach featuring politicization and a sense of supremacy in pursuit of self-interests at the expense of others,' the Chinese Foreign Ministry's Zhao Lijian said.
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