{
  "id": 14497166,
  "title": "US inflation heats up in September; Fed rate hike this month back on table",
  "url": "https://urgent.news/2026/10/14/us-inflation-heats-up-in-september-fed-rate-hike-this-month-back-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T16:47:45.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40444215/us-inflation-heats-up-in-september-fed-rate-hike-this-month-back-on-table"
  },
  "original_language": "en",
  "account": "In September, consumer prices in the United States surged, with gasoline costs skyrocketing and putting an interest rate increase later in the month back on the table. This development further strained President Donald Trump and his Republican Party as they prepared for the November 3 midterm elections, revealing concerns among economists that inflation might become entrenched. The Federal Reserve's interest rate decision this month now appears more likely than previously anticipated, according to financial markets. The Consumer Price Index (CPI) report from the Labor Department indicated that price pressures were expanding beyond energy, raising worries about persistent inflation. A Reuters/Ipsos poll revealed that 78% of Americans blamed Trump's policies for the rising costs, which outpace wage growth. Jeffrey Roach, chief economist at LPL Financial, cautioned that navigating the road back to price stability could prove challenging. The CPI rose 0.6% in September, matching expectations, with gasoline prices accounting for more than half of the increase. Food prices remained steady, while nonalcoholic beverages surged 0.9% and fruits and vegetables rose 0.5%. Core inflation, which excludes volatile food and energy components, rose 0.3% in September, meeting forecasts. The US central bank's inflation target of 2% is tracked by the Personal Consumption Expenditures Price Index (PCE).",
  "summary": "WASHINGTON: US consumer prices accelerated in September as the cost of gasoline surged, dealing another blow to President Donald Trump and his Republican Party ahead of the November 3 midterm elections and putting an interest rate increase later this month back on the radar. The Consumer Price Index report from the Labor Department on Wednesday showed a broadening of price pressures beyond…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Fed rate hike call seen tight as inflation heats up",
        "url": "https://urgent.news/2026/10/14/fed-rate-hike-call-seen-tight-as-inflation-heats-up",
        "published": "2026-10-14T16:02:04.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "US inflation heats up in September; Fed rate hike this month back on table",
        "url": "https://urgent.news/2026/10/14/us-inflation-heats-up-in-september-fed-rate-hike-this-month-back-on-14509175",
        "published": "2026-10-14T17:53:59.000Z"
      },
      {
        "outlet": "The Economic Times - Economy",
        "title": "Wholesale inflation hits series high of 11.4% in September as fuel, food prices surge",
        "url": "https://urgent.news/2026/10/14/wholesale-inflation-hits-series-high-of-11-4-in-september-as-fuel",
        "published": "2026-10-14T19:11:21.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}