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    US Core Inflation Unexpectedly Rises

    The annual core consumer price inflation rate in the United States, which excludes items such as food and energy, edged higher to 3.3% in September of 2024 from the three-year low of 3.2% recorded in the two previous months, and ahead of market expectations that it would stay at 3.2%.

    US Core Inflation Unexpectedly Rises
    byu/elitenoel inwallstreetbets



    Posted by elitenoel

    View 29 Comments

    29 Comments

    1. elitenoel on

      September CPI rises more than expected, indicating inflation risks remain

      * September Consumer Price Index: **+0.2%** M/M vs. +0.1% expected and +0.2% prior.
      * +**2.4%** Y/Y vs. +2.3% expected and +2.5% prior.
      * Core CPI, which excludes food and energy: **+0.3%** M/M vs. +0.2% expected and +0.3% prior.
      * **+3.3%** Y/Y vs. +3.2% expected and +3.2% prior.

    2. elitenoel on

      This is bearish since the FED cut too prematurely and will have to hold and wait longer than expected for another cut. Hot jobs report plus ongoing inflation means the Fed is not done. They should have waited to cut.

    4. EyeSea7923 on

      This is rounding and error. It’s just cause case to drop the market after or close to ATH… Clockwork.

    9. farloux on

      I’m pretty sure it’s not that unexpected. The fed reserve is doing something amazing. Reducing rates without causing a recession. It’s going to be a balancing act of not rapidly increasing inflation and also not rapidly increasing unemployment. It’ll be tough but they’re doing it

    10. Interesting_Ad1006 on

      0.1% is insignificant, I would be rather concerned about sudden jobless claims surge

    14. jeff8073x on

      Not shocked. But you can tell which side a network is on depending on reporting.

      Core is trending towards bad. Overall looks fairly ok – but very susceptible to energy uptick.

    20. Gyshall669 on

      the OER lag is coming back to bite the fed. Guessing they’re more optimistic internally about that.

    23. voxpopper on

      Hot data point for inflation and cold data point for jobs cancel each other out, no?
      (Both are data points that could be explained by Helene or other random factors). Expect a bounce as this is digested since brrrr

    25. Yodas_Ear on

      Unexpected? First of all, we need to stop using the wrong language. Inflation is a dollar losing value. Which means increasing prices. Always. Inflation didn’t rise from 3.2 to 3.3. The rate of inflation increased.

      Inflation always rises. It’s fucking inflation. On the flip side inflation doesn’t fall. That would be deflation. The rate of inflation and slow.

      Next, unexpected by who? And who cares what they think? I sure as shit expected it.

    27. dunscotus on

      Extremely low unemployment, Fed cuts rates, inflation “unexpectedly” rises. Who could’ve imagined??

    28. YUNG_SNOOD on

      Economists have literally no fucking idea how anything works or what direction things are heading. Hilarious we listen to anything these clowns say

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