Consumer prices rose slightly more than expected in September amid higher food costs, but the annual increase in inflation was the smallest in more than 3-1/2 years.
Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month.
U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.
U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents.
The Labor Department’s employment report also showed the economy created 111,000 fewer jobs in April and June than previously estimated.
The Supreme Court has overturned the 1984 decision in Chevron v. Natural Resources Defense Council, which mandated judicial deference to agencies in cases where the law is unclear.
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months.
A Labor Department report showed the PPI for final demand rose 0.2% in March, against forecasts of a 0.3% increase.
The stock market’s interest in AI is on the rise, fueled by Nvidia’s stunning rally and potential impact on various sectors.
The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week.