Breaking: The US consumer price index rose to 3.7% year over year in September
The annual inflation rate in the United States reached 3.7% in September, according to the Consumer Price Index, up from the 3.4% recorded in August, the US Bureau of Labor Statistics revealed on Tuesday. These figures also exceeded market expectations.
The core consumer price index, excluding volatile food and energy costs, rose 2.6% in the same month, compared with a 2.4% increase in August.
Market reaction
Buying momentum in the US Dollar (USD) is now gaining strength, pushing the US Dollar Index (DXY) to remain above the key 102.00 level amid rising US bond yields across the yield curve….
The annual inflation rate in the United States reached 3.7% in September, according to the Consumer Price Index, up from the 3.4% recorded in August, the US Bureau of Labor Statistics revealed on Tuesday. These figures also exceeded market expectations.
The core consumer price index, excluding volatile food and energy costs, rose 2.6% in the same month, compared with a 2.4% increase in August.
Market reaction
Buying momentum in the US Dollar (USD) is now gaining strength, pushing the US Dollar Index (DXY) to remain above the key 102.00 level amid rising US bond yields across the yield curve….