September Inflation Report, Last Before Midterms, Shows Prices Rising Again on Higher Energy Costs

By Crosswire News · AI-assisted summary of reporting by the outlets linked below

PoliticsZeroHedge · Daily Caller

Photo: ZeroHedge

How the sides differ Alternative sources stress market reaction and persistent core inflation; right sources stress the midterm timing, with disagreement over whether the reading beat expectations.

The Bureau of Labor Statistics reported that consumer prices rose in September, with annual inflation at 3.7%, up from 3.4% in August. Sources point to higher gasoline and energy costs, and the report is the last before the midterm elections. Coverage differs on expectations: ZeroHedge and the Daily Caller call the reading hotter than expected, while the Daily Wire calls it mostly in line with forecasts. ZeroHedge cites a Fitch economist saying core inflation remains above 3% and rate-hike odds and bond yields rose, while the Daily Caller notes another Fed hike is possible.

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Left

No left-leaning outlet has covered this story yet.

Alternative ZZeroHedge"Flashing Red": Rate-Hike Odds, Bond Yields Explode Higher After Hotter-Than-Expected CPI

Frames the report as a warning sign for the Fed, stressing higher rate-hike odds, rising bond yields and core inflation staying above 3%.

Right · 2 sources DCDaily CallerInflation Jumps Higher In Final Report Before Midterm Elections

• DWDaily WireAmericans Get Final Inflation Report Before Midterms. Here’s What It Shows.

Frames the report around its timing before the midterms, with the Daily Caller stressing a surprise jump and the Daily Wire a mostly expected rise.