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US inflation rises in latest report, raising Fed rate-hike concerns ahead of midterm elections

Image from Straight Arrow News's coverage: Energy prices drive inflation rate higher as midterm elections approachPhoto: Straight Arrow News

How coverage differs MarketWatch stresses the bond market's reaction and the Fed's dilemma; Al Jazeera highlights economists' division; Straight Arrow News emphasizes energy prices and specific inflation figures.

A new consumer-price report showed inflation climbing, with prices up 0.6% last month and the annual rate at 3.7%. Energy prices were cited as a driver. The data comes weeks before the midterm elections and a Fed interest rate decision, and the bond market reacted negatively. Economists are divided on whether the Fed should raise rates.

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