Accelerated US consumer inflation pressures on households

By Be Aww Girls

Inflation will wipe out pay gains of many who have received and ensuring that the Federal Reserve will keep raising interest rates further!

Government said Consumer prices rose 8.2% in September month compared to previous.

Monthly basis, prices increased 0.4% from Aug to Sept!

This proves that the Fed’s five rate hikes this year have done little to cool inflation pressures.

Core inflation rose 0.6% from August to September and 6.6% in last 12 months.

Major U.S. markets and Europe markets fell drastically in little time!

In election time, many Republicans are blaming on President Joe Biden and congressional Democrats!