At first glance, the report seems rather mild. The, the Department of Labor said Wednesday. That matches the rise reported for July, August, and September. That’s not perfect—ideally you would want inflation to still be falling rather than stabilizing—but does not look alarming.
, also the highest since April. Three-month annualized inflation, which many economists look to as an indicator of underlying pressure, rose to 2.5 percent from 2.1 percent. The 12-month inflation number that most people will read about in the financial press rose to 2.6 percent from 2.4 percent. has been quite strong throughout this cycle. Wall Street’s analysts could probably just close the tabs on the spreadsheets they use to calculate their inflation estimates and forecast core inflation to come in at the prior month’s median.committed itself to a rate cutting path
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