US September inflation 'stable but stubbornly high'

'November tapering here we come'

Prices in the US rose 5.4% in September compared to a year ago, according to data released by the Bureau of Labor Statistics on Wednesday (13 October).

The numbers "came in slightly above expectations" said John Leiper, chief investment officer at Titan Asset Management. "Core inflation, which excludes food and energy, came in-line with expectations." Ben Laidler, global markets strategist at eToro, described inflation as "stable but stubbornly high". The report stated that prices rose 0.4% in September compared with August. Time to taper? Analysts were paying close attention to whether the inflation figures would cause the Fed to change course on their predicted tapering later this year. "The Fed is currently walking a tightro...