English Title:
CPI: Prices rose 3.7% in September

中文标题：
消费物价指数:9月价格上涨3.7%

English Content:
Inflation heated back up in September, with the Consumer Price Index coming in at a hotter-than-expected 3.7% annual reading, driven primarily by surging fuel prices. But even "core" inflation, which excludes energy and food, increased more than economists projected, rising 2.6% annually, up from 2.4% in August. The latest figures complicate the Federal Reserve's task of bringing down inflation to its 2% target. Traders had widely been expecting the Fed to hold interest rates steady at its meeting later this month, but odds of a hike are now rising on the September data. - InvestopediaHigher Fuel Costs Lead to Price Increases for Consumers, Businesses Warn the FedA report Wednesday from the Federal Reserve added anecdotal evidence to new inflation data showing consumer prices rose unexpectedly fast in September. The 'Beige Book,' a compilation of anecdotes from the central bank's district offices around the country, showed that no part of the nation is unaffected by rising fuel costs. "Higher oil prices permeated all District reports," the authors of the Beige Book said. "Firms reported elevated diesel prices and noted that fuel surcharges were passing on increased costs throughout the supply chain." Higher fuel and goods prices are stretching household budgets and complicating the Fed's inflation fight, potentially influencing interest rates and borrowing costs. The report was the latest evidence that high diesel prices, fueled by supply issues stemming from conflicts in Iran and Ukraine, are showing up in other products' prices due to higher transportation costs. - ReutersDollar hits fresh 18-month high as hot inflation boosts Fed hike expectationsThe US dollar hit an 18-month high on Wednesday after stronger-than-expected inflation data revived expectations for a Federal Reserve interest rate hike later this month, highlighting concern that price pressures are broadening across the economy. "The higher-than-expected core inflation print raises concerns that energy-driven inflation is spreading to other areas of the economy," said Uto Shinohara, senior investment strategist at Mesirow Currency Management. "October Fed rate expectations jumped ... post-release, bringing the meeting more into play." The US dollar index, a measure of the greenback's strength against a basket of six currencies, rose 0.68% to 102.86, its highest since April 2025, shaking off the previous day's losses. - Jennifer SchonbergerChicago Fed's Goolsbee calls September inflation 'discouraging' but favors waiting on more dataChicago Federal Reserve president Austan Goolsbee called a hotter-than-expected reading on September inflation "discouraging" but suggested that he wants to wait for more data before taking action to raise interest rates higher. "We need to get more data," Goolsbee said in an interview with Yahoo Finance. "We need to get the through line." - Ben WerschkulThe Fed faces a politically fraught rate decision on the eve of an election for the third time in a rowFederal Reserve interest rate changes on the eve of elections are tricky propositions, but for the third election in a row, the central bank may be unable to dodge that prospect after Wednesday's hot inflation reading. That new data comes as the next Federal Open Market Committee interest rate decision is scheduled for Oct. 28, just six days before Election Day. "There is a political implication for going in October," Wolfe Research chief economist Stephanie Roth told Yahoo Finance on Wednesday, adding that committee members "would very much prefer not to do it," but the data is making a rate hike a distinct possibility. - Hal Bundrick, CFP®Inflation heats up again. Will mortgage rates climb even higher?Inflation affects mortgage rates, along with other economic factors that influence the bond market, particularly the 10-year Treasury yield. A key measure of inflation, the September Consumer Price Index (CPI), rose more than expected, increasing expectations for another Federal Reserve interest rate hike. How will mortgage rates respond? With the Fed waiting in the wings, mortgage rates may not rise immediately, but there's certainly no current momentum for them to fall. Inflation can impact homebuyers in other ways, too. For one, it can send housing prices upward. As the prices of goods and services rise, so do the costs of materials and labor to build and sell homes, which means higher home prices for consumers. Buyers may also face higher prices for various closing costs and third-party services related to their purchases, such as inspections, appraisals, moving costs, and more, as these can rise due to inflation. There is a benefit, though: Inflation — and the higher prices that come with it — could reduce demand for homes and make the housing market less competitive. This could make it easier to snag the house you like without getting into a bidding war or haggling with the seller. - Brooke DiPalmaCandy prices jump nearly 8%, but consumers are still willing to splurge this HalloweenHalloween's sweetest tradition is likely to cause a fright for consumers, with candy prices up nearly 8% from a year ago in the latest inflation report. Candy and chewing gum prices increased by 7.7% last month, according to the Bureau of Labor Statistics' September Consumer Price Index, driven by higher cocoa prices. Extreme weather in the Ivory Coast and Ghana quadrupled cocoa prices from January 2023 to January 2025. Manufacturers typically contract six months or even a year or two in advance, so Americans are paying higher prices now. "After last year's record cocoa shortages and price spikes, the cocoa market is finally showing early signs of stabilizing, but not enough to deliver big price breaks for Halloween shoppers," David Branch of Wells Fargo said in a recent note. - Molly MoorheadInflation keeps outpacing Americans' paySeptember's inflation reading showed another acceleration over Americans' pay gains. Average hourly earnings rose an anemic 0.1% month over month in September and are up 3% year over year, Labor Department data showed. That compares with September CPI data, which showed prices rose 3.7% annually. The inversion, when inflation overtook pay growth, happened this spring. "Inflation has wiped out wage gains for 6 months now. It's a financial squeeze," Heather Long, chief economist for Navy Federal Credit Union, wrote on X. "Americans are trying to work more hours to make up for it, but many are still falling behind. Many people are worse off." She pointed to this line in the CPI report noting that in the past year, "real average hourly earnings decreased 0.7%. The change in real average hourly earnings combined with a 0.6% increase in the average workweek resulted in a 0.1% decrease in real average weekly earnings." Joe Brusuelas, chief economist for RSM, wrote on X that the inflation vs. paycheck dynamic "is intensifying the very real cost of living crisis that a majority of American households are experiencing." - Claire BostonHot inflation sends mortgage rates 10 basis points higherToday's hot inflation reading is translating to higher mortgage rates today. The average 30-year fixed-rate mortgage rose 10 basis points to 7.56%, according to Mortgage News Daily, ending an uneventful period that had rates hovering around a two-week low. Mortgage rates are heavily influenced by the 10-year Treasury yield, which jumped after the latest data was released. Yields have calmed down in the hours since, however, and are now up around 2 basis points to 5.24%. - Ivana PinoShould you buy Series I bonds as inflation persists?One way to hedge against inflation is to explore alternative savings options. Series I bonds are government-backed savings bonds tied to inflation. Each bond is issued at face value with a 30-year final maturity, consisting of a 20-year original maturity period immediately followed by a 10-year extended maturity period. The bond's composite rate, or earnings rate, has a two-part structure: a fixed rate and an inflation rate. The fixed rate stays the same for the duration of your bond's term, while the inflation rate can change every six months. I savings bonds earn interest monthly, and that interest is compounded semiannually. Another benefit of these bonds is that, while they are subject to federal income tax, they are exempt from state and local income tax. Savers can choose whether to report each year's earnings or report their earnings all at once when they cash out their bond. Additionally, if you choose to use your money for qualified higher education expenses, you may not have to shell out any tax on those earnings. Series I savings bonds issued between May 1, 2026, and Oct. 31, 2026, are currently offering a composite rate of 4.26%, with a 0.90% fixed rate. Savers can buy I bonds electronically for as little as $25, up to $10,000 per calendar year, through a TreasuryDirect account. Read full story: Should you buy Series I bonds? - Ivana Pino6 inflation hedges that can keep your money's value from slippingInflation — the increase in the cost of goods and services over time — impacts your purchasing power. As prices rise, your dollars don't buy as much as they used to. According to the Bureau of Labor Statistics, consumer prices rose 3.7% in September as energy prices soared, and the reading came in much hotter than economists' forecasts. During periods of high inflation, it's important to be strategic about where you park your cash. Choosing the right accounts and investments can help protect the value of your money and hedge against rising costs. An inflation hedge is an asset, account, or strategy that protects your money against rising prices by helping it retain or increase in value over time. The point of an inflation hedge is to provide stability even during periods of economic downturns and market volatility. Read more: 6 best hedges against inflation - Grace O'Donnell, Ines FerréDow wavers, S&P 500, and Nasdaq decline on hot inflation dataStocks declined on Wednesday as investors digested hotter-than-expected inflation data, and bank earnings continued to roll in. The Dow Jones Industrial Average (^DJI) wavered near the flatline while the S&P 500 (^GSPC) declined 0.4%. The Nasdaq Composite (^IXIC) fell 0.9% after stocks staggered lower on Tuesday. Semiconductor stocks continued to sell off after the KOSPI index (^KS11) declined 12% over the past five days. Chip equipment maker ASML (ASML) on Wednesday posted record third quarter sales and raised its full-year outlook amid strong AI demand. Investors await Taiwan Semiconductor earnings on Thursday (TSM) for further confirmation of the AI boom. - Kerry HannonSocial Security announces 3.6% COLA for 2027, the highest in 4 yearsThe Social Security Administration on Wednesday announced a 3.6% cost-of-living adjustment (COLA) for 2027. That's well above both this year's COLA and the 2.6% average over the past two decades. Starting in January, the increase will add an average of $75 per month for roughly 75 million retired seniors and disabled workers. The 2027 COLA will be the highest in four years — but still not enough for millions of retirees to keep up with rising food, energy, and healthcare costs. - Jennifer SchonbergerHotter-than-expected inflation report puts October rate hike back in playInflation heated back up in September, putting the prospect of an interest rate hike this month back on the table as Federal Reserve officials consider the extent and timing of future hikes. Markets were not yet pricing in a likelihood that the Fed will hike rates later this month on the back of the hotter-than-expected CPI report. According to CME Group, traders see just a 43.7% chance of a quarter-point hike on Oct. 28, up from about 20% before the inflation report. However, the yield on the 10-year Treasury (^TNX) was moving higher, cresting above 5.3% on Wednesday morning. Markets are pricing in better than 50% odds that the central bank hikes rates for a second time this year in December. "The upside surprise to core CPI in September was broad-based rather than due to any obvious temporary factors, therefore bringing an October rate hike back into play and presenting upside risks to our forecast for just two more 25 bp hikes from the Fed," said Stephen Brown, chief North America economist for Capital Economics. - Claire BostonSurging gas prices pushed CPI inflation to 3.7% in September. The Fed is watching.Inflation heated up to 3.7% annually last month as energy prices soared, according to the latest Consumer Price Index data. The latest reading came in hot, accelerating from 3.4% in August and outpacing economists' expected 3.6% jump. On a monthly basis, prices rose 0.6% in September from 0.4% a month earlier. Gas prices were a particularly large driver of the jump, rising 9.1% month over month. Average prices at the pump hit a record $4.33 last month, according to AAA data, nearly $0.50 above the previous monthly record set in 2023. Fuel oil, which millions of Americans, primarily in the Northeast, use to heat their homes, was another pain point, spiraling 15.3% from August just before the cold months set in. "Core" inflation, which strips out volatile food and energy prices and is watched more closely by Federal Reserve officials, was also hotter than expected, rising 2.6% annually, up from 2.4% in August. Monthly core inflation was unchanged from August's hotter-than-anticipated 0.3% but also came in higher than the 0.2% economists were expecting.

中文正文：
9月通货膨胀回升,消费物价指数的年读率比预期的要高3.7%。 但即使是不包括能源和食品的"核心"通货膨胀,也比经济学家预测的要高,年增长率为2.6%,比8月的2.4%。 最新数字使美联储将通货膨胀降至2%的目标的任务复杂化。 贸易商本月下旬的会议曾广泛期待美联储保持利率稳定,但根据9月的数据,升息的几率正在上升。 - Investopedia高燃料成本导致消费者价格上涨,企业警告联邦储备局星期三的报告在新的通货膨胀数据中增加了传闻证据,显示消费者价格在9月份意外快速上涨。 《Beige Book》是中央银行驻全国各地地区办事处的传闻汇编, "高油价渗透了所有的县级报告,"碧芝书"的作者说. "佛罗伦萨报告柴油价格上涨,并注意到燃料附加费在整个过程中都转而增加成本" 供应链。" 燃料和货物价格上涨使家庭预算捉襟见肘,使美联储的通货膨胀斗争复杂化,有可能影响利率和借贷成本。 报告是最新证据,表明由于伊朗和乌克兰冲突引起的供应问题,柴油价格高涨,由于运输成本提高,其他产品的价格出现上涨。 - 路透社Dollar的点击量是18个月的新高, 美联储的提速预期 本月晚些时候,通货膨胀数据比预期的要强,使美联储利率上升的预期恢复了,因此美元在星期三创下18个月的高位,这突出表明了整个经济体价格压力正在扩大的关切。 "高于预期的核心通货膨胀印刷品引起了人们对能源驱动的通货膨胀正在蔓延到经济的其他领域的担忧,"梅西罗货币管理公司高级投资战略家上野原正夫说. "10月美联储的利率预期跳跃... 释放后,让会议更加活跃" 美元指数是衡量绿背党对六种货币的实力,上升了0.68%,达到102.86,这是自2025年4月以来最高的指数,震动了经济 前一日的损失。 - Jennifer Schonberger Chicago Federal's Goolsbee称9月的通货膨胀是"令人沮丧的",但有人喜欢等待更多的数据 芝加哥联邦储备局主席Austan Goolsbee称9月的通货膨胀是"令人沮丧的",但他建议在采取行动提高利率之前等待更多的数据。 "我们需要获得更多的数据",Goolsbee在接受雅虎财经采访时说. "我们需要通过线。" 在选举前夕联邦储备银行的利率变动是件棘手的事情, 但对于第三次选举来说, 央行可能无法在星期三的热门通胀后回避这一前景。 新数据是联邦公开市场委员会下一个利率决定定于10月28日,即选举日前6天。 沃尔夫研究公司首席经济学家史蒂芬妮·罗斯星期三告诉雅虎金融公司 远足是一个明显的可能性。 - 哈尔・邦德里克,CFP 通货膨胀再次升温。 房贷利率还会上升吗? 通货膨胀影响抵押利率,以及影响债券市场的其他经济因素,特别是10年国库收益。 通货膨胀的一个关键衡量标准是9月消费物价指数(CPI),其上升幅度超过预期,提高了对美联储利率再次上涨的期望。 抵押利率将如何应对? 随着美联储在翼翼的等待,抵押贷款利率可能不会立即上升,但肯定没有当前下降的势头. 通货膨胀也会以其他方式影响购房人。 首先,它可以将住房价格上调。 随着商品和服务价格的上涨,建造和出售房屋的材料和劳动力成本也随之上升,这意味着消费者的房价更高. 买方还可能面临与购买有关的各种结算费用和第三方服务,例如检查、评估、移动费用,以及更多的费用,因为这些费用可能因通货膨胀而上升。 但有一个好处:通货膨胀——以及随之而来的价格上涨——可以减少对住房的需求,减少住房市场 竞争 这样可以更容易地在不与卖家进行招投标或讨价还价的情况下,拖住你喜欢的房子。 Brooke DiPalmaCandy的价格暴涨了近8%, 但消费者仍愿意将万圣节Halloween最温馨的传统推高, 根据劳工统计局9月消费物价指数, 糖和咀嚼口香糖的价格上个月上涨了7.7%, 2023年1月至2025年1月,象牙海岸和加纳的极端天气使可可价格翻了两番。 制造商通常提前六个月甚至一年或两年签订合同,所以美国人现在支付的价格更高。 "在去年创纪录的可可短缺和价格飙升之后,可可市场终于显示出了稳定化的早期迹象,但不足以为万圣节购物者提供大价格折断",威尔斯·法戈的大卫·布兰奇(David Branch of Wells Fargo)在最近的一份说明中说. Molly Moorhead 通货膨胀持续超过美国人9月的通胀率 显示美国薪酬增益的再次加速 平均小时收入上升 9月每月增长0.1%,每年增长3%,劳工部数据显示。 与此相比,9月消费物价指数数据表明价格每年上升3.7%。 当通货膨胀超过工资增长时,今年春天发生了这种反演。 "通货膨胀已经消灭了工资收益 六个月了。 这是一个财政紧缩,"海军联邦信用合作社首席经济学家希瑟·朗(Heather Long)在X上写道. "美国人试图用更多的时间来弥补,但许多人仍然落在后面. 许多人的处境更糟糕。” 她在消费物价指数报告中指出,去年,"实际平均小时收入下降了0.7%. 实际平均小时收入的变化加上平均工作周增加0.6%,导致实际平均每周收入减少0.1%。” RSM的首席经济学家乔·布鲁苏埃拉斯(Joe Brusuelas)在X上写道,通货膨胀对工资检查动态"正在加剧大多数美国家庭正在经历的非常真实的生活危机成本". - 克莱尔·波士顿热膨胀 将抵押贷款利率 提高10个基点 - 今天的热膨胀读数 平均30年固定利率的抵押增加 10 根据《抵押金日报》的统计,基数为7.56%,这结束了一个低利率徘徊在两周左右的平稳时期。 抵押利率受到10年国库收益的严重影响,在最新数据公布后,收益率急剧上升。 然而,自那时起,义工已经平息下来,现在在两个基点左右,达到5.24%。 - 伊万娜·皮诺,你应该买 系列一债券 随着通货膨胀的持续? 对付通货膨胀的一个办法是探索其他储蓄办法。 第一系列债券是政府支持的与通货膨胀挂钩的储蓄债券。 每份债券按面值发行,最终到期期为30年,包括20年原始到期期,紧接着是10年延长到期期。 债券的复合利率,即收益率,有两部分结构:固定利率和通货膨胀率. 固定利率在债券存续期间保持不变,而通货膨胀率每6个月可以改变一次. 我储蓄债券每月赚取利息,这种利息每半年增加一次。 这些债券的另一个好处是,虽然它们要缴纳联邦所得税,但是它们可以免除州和地方所得税. 保护者可以 选择是报告每年的收入,还是在兑现保证金时立即报告所有收入。 此外,如果您选择用自己的钱支付合格的高等教育费用,您可能不必对这些收入扣税。 2026年5月1日至2026年10月31日期间发行的第一系列储蓄债券目前提供4.26%的综合利率,固定利率为0.90%. 储蓄者可以通过一个财务司账户以电子方式购买I债券,价格仅为25美元,每个日历年最多10 000美元。 阅读完整的故事:你应该购买系列一债券吗? ——伊万娜·皮诺6 通货膨胀套期可以防止你的钱值滑动的通货膨胀——货物和服务成本随时间推移而增加——影响你的购买力. 随着物价上涨,你的美元没有以前买的那么多. 据劳工统计局统计,随着能源价格的飙升,消费者价格在9月份上涨了3.7%,读数比经济学家的预测要热得多。 在高通胀时期,要从战略角度考虑你把现金存放在哪里. 选择正确的账户和投资可以帮助保护你的钱的价值 和对冲上升 费用。 通货膨胀套期保值是指通过帮助贵公司长期保值或增加价值来保护贵公司免受价格上涨影响的资产,账户或策略. 通货膨胀套期的目的是即使在经济衰退和市场波动期间也提供稳定性。 更多信息:针对通货膨胀的6个最佳对冲 — Grace O'Donnell, Ines FerréDow warners, S&P 500, 和Nasdaq对热量通胀数据的下降率在星期三随着投资者消化了比预期更热量的通胀数据而下降,银行收入继续滚滚. 道琼斯工业平均值(^DJI)在平线附近摇摆,而S&P 500(^GSPC)则下降了0.4%。 Nasdaq复合型(^IXIC)在星期二股票交错减少后下降了0.9%. 半导体股票在KOSPI指数(^KS11)过去五天下降12%后继续出售。 芯片设备制造商ASML(ASML)星期三张贴了创纪录的第三季度销售,并在AI需求强劲的情况下提升了全年的前景. 投资者在星期四等待台湾半导体收益, - Kerry Hannon社会保障宣布2027年COLA占3.6%,是4年来最高的社会保障管理局 星期三宣布2027年3.6%的生活费调整(COLA). 这远远高于今年的COLA和过去20年的2.6%的平均水平. 从1月开始,大约7 500万退休老年人和残疾工人每月平均增加75美元。 2027年的COLA将是四年来最高的——但仍然不足以让数百万退休人员跟上不断上涨的食品,能源和保健费用. - 珍妮弗·申贝格尔·霍特尔 - 比预期的通货膨胀报告 10月的升息率又回到了9月 通货膨胀又回升了 当美联储官员考虑未来升息的幅度和时机时 市场尚未定价,美联储本月晚些时候很可能在比预期更热的消费物价指数报告背后提高利率。 据CME集团统计,10月28日,贸易商只有43.7%的涨幅,比通货膨胀报告前的20%左右有所增加。 然而,10年国库(^TNX)的收益正在上升,在星期三上午超过5.3%。 市场价格高于中央银行涨价的50% 今年12月的费率是第二次。 “9月份核心消费物价指数的颠峰是基础广泛,而不是由于任何明显的暂时因素,因此让10月的利率上升重新发挥作用,并且给我们的预测带来了颠峰风险,因为美联储只增加了两个25bp的涨幅,”北美首席资本经济学经济学家史蒂芬·布朗说。 ——克莱尔·波士顿冲锋天然气价格9月将消费物价指数通胀率推至3.7%. 美联储在看 根据最新的消费物价指数数据,随着能源价格的飙升,通胀率在上个月每年高达3.7%。 最新阅读热点,从8月的3.4%加速,超过经济学家预期的3.6%。 按月计算,9月价格上涨0.6%,而一个月前为0.4%。 天然气价格是跳跃的一个特别大的驱动力,每月上涨9.1%。 根据美国航空协会的数据,上月泵的平均价格创下4.33美元的记录,比2023年的每月记录高出近0.50美元。 燃料油,主要是在东北地区的数百万美国人用来给家用热,是另一个疼痛点,从8月的寒冷月份开始,燃料油就上升了15.3%。 内脏 通货膨胀使粮食和能源价格不稳,美联储官员更密切地注视着通货膨胀,其热度也比预期的要高,从8月份的2.4%。 每月核心通胀率与8月相比比预期高0.3%.