September inflation rises, with the latest federal data showing a pickup in consumer prices
Photo: AxiosHow the sides differ Alternative sources stress energy prices and the likelihood of further Fed rate hikes; right sources stress the 3.7% figure, expectations, and the report's timing before the midterms.
Both outlets report that U.S. inflation rose in September, according to federal data released on Wednesday. Axios attributes the pickup to surging energy prices on top of stubborn price pressures. It says the report suggests more Federal Reserve interest rate hikes are more likely. The Daily Wire gives the annual rate as 3.7%, up 0.3 points from August's 3.4%. It says that was mostly in line with analyst expectations of a 0.2-point rise, and calls this the last report before the midterms.
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Axios presents the rise as driven by energy prices and a sign the inflation fight continues, with more Fed rate hikes likely.
The Daily Wire focuses on the 3.7% annual figure, says it was roughly as expected, and frames it as the final report before the midterms.