Page 66 - Mark Hamrick News Today

The consumer price index report for September, the final update before voters head to the polls, could help determine the balance of Congress.

The consumer price index report for September, the final update before voters head to the polls, could help determine the balance of Congress.

Inflation from the perspective of business costs—which tend to get passed along to consumers—soared in September, reversing the prior month's decline and coming in twice as high as markets expected, pointing to a drawn-out Fed fight against high prices.

Inflation, as measured by producer wholesale prices, came in a bit hotter than expected at 8.5% for the year ending in September, according to a report Wednesday from the Bureau of Labor Statistics.

The glaring disparity between wage growth and inflation rates is angering Americans.

The unemployment rate for September fell back to its half-century low of 3.5% from 3.7%, a result of the decline in the number of people looking for work.

Year-over-year home-price growth decelerated at a record-setting pace in July 2022.

All eyes will be on the most anticipated economic report of the month as the September jobs report is released.

Job growth in September slowed, oil climbs in OPEC fallout, stocks wrapping volatile week. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

The news Friday that the economy added more jobs than expected last month has counterintuitively raised fears of a recession.