September CPI Report: A Few Lurking Concerns

Man holding shopping basket with bread and milk groceries in supermarket


By Seema Shah, Chief Global Strategist

The September Consumer Price Index (CPI) showed that inflation continues to edge towards the Federal Reserve’s (Fed’s) 2% target. Annual headline inflation remained unchanged at 3.7%, but core inflation eased from 4.3% to 4.1%, marking its lowest level since September 2021.

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