September inflation rises to 3.7% as energy prices climb, in last report before midterms
Photo: AxiosHow the sides differ Alternative sources stress energy prices and the likelihood of more Fed rate hikes; right sources stress the 3.7% figure, expectations and the midterm timing.
Federal data released Wednesday showed U.S. inflation picked up in September. The Daily Wire reports an annual rate of 3.7%, up 0.3 points from August's 3.4% and mostly in line with analyst expectations of a 0.2-point rise. Axios attributes the increase to soaring energy prices on top of stubborn price pressures. It says the report shows the inflation fight is far from over and makes further Federal Reserve rate hikes more likely. The Daily Wire notes it is the final inflation report before the midterms.
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Axios presents the rise as driven by energy prices and a sign that inflation persists, raising the odds of more Fed rate hikes.
The Daily Wire focuses on the 3.7% annual figure, describes it as mostly expected, and frames it as the last report before the midterms.