US September CPI annual rate may approach 3%, Federal Reserve concerned about direction of inflation changes

ChainCatcher news, according to Golden Ten Data, Dean Baker, Chief Economist at the UK research institution CEPR, stated that the US September CPI data may show a growth rate similar to that of August, with both overall and core CPI annual rates expected to be close to 3%, which is higher than the Federal Reserve's 2% target. The direction of inflation changes may cause concern for the Federal Reserve, especially as the impact of tariffs has not yet been fully passed on to consumers.