Inflation heats up in September; Fed rate hike this month back on table - KSL News

WASHINGTON — Consumer prices accelerated in September as the cost of gasoline surged, dealing another blow to President Donald Trump and the Republican Party ahead of the Nov. 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 energy, raising concerns among economists that underlying inflation could be getting sticky. Financial markets now see the Federal Reserve's ‌interest rate decision this month as a closer call than before the data was released.