Economic Update for October 16, 2023-Unemployment, Government Shutdown and More
From the Financial Times: US inflation higher than expected in September at 3.7%-US inflation was higher than forecast in September, raising the prospect that the Federal Reserve may raise interest rates following similarly robust recent data on the strength of the jobs market.
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From the New York Times: Inflation Slowdown Remains Bumpy, September Consumer Price Data Shows-Prices are rising at a pace that is much less rapid than in 2022, but signs of stalling progress are likely to keep Federal Reserve officials wary.