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[Tuff-Stuff]

Inflation comes in HOTTER than expected. The Fed's job isn't done

Consumer prices climbed at an 8.2% annual pace in September, marking a slight slowdown from August as falling energy prices brought down the cost of gasoline.

The consumer-price index ticked up 0.4% in September from a month earlier, the Labor Department reported Thursday, showing an acceleration after two months of slower monthly growth. Economists had expected prices to rise 0.3% in September from August, but that the annual increase would slip to .1%

(This is a developing story. Please check back soon for more detail and analysis. Below is a look at what economists were expecting before the figures were disclosed.

Consumer price growth is expected to have slowed in September from a year ago, notching the third straight month of declines in the annual pace of inflation as cheaper gas prices have provided some relief to American households.

At the same time, prices are expected to have risen slightly faster in September than in August, according to consensus expectations from economists polled by The Wall Street Journal. The result could be a slight uptick in the monthly pace of inflation that nonetheless marks a deceleration from a year ago—showing some progress on overheating prices, but not enough to steer the Federal Reserve off its monetary policy tightening path.

(Food and everything we use or need has jumped a lot- WE knew that)
https://www.marketwatch.com/articles/cpi-report-inflation-data-today-51665612803?mod=newsviewer_click_realtime