By Laura Matthews and Sruthi Shankar NEW YORK/BANGALORE Oct 14 (Reuters) - The US dollar hit an 18-month high on Wednesday after stronger-than-expected inflation data revived expectations for a Federal Reserve interest rate hike later this month,

The 12-month rate of inflation as of August 2026 is 3.4%, according to the Bureau of Labor Statistics (BLS). Energy inflation spiked to 16.9% as the status of the Strait of Hormuz remains uncertain. Core inflation, which excludes energy and food, was 2.4%.

The US September CPI report is scheduled for release on October 14 at 8:30 AM ET (6:00 PM IST). The data could influence market expectations for the

Affirm’s stock fell more than 11.5% on Wednesday to its lowest level since October 1, leaving it down 25% from its high for the year. The selloff extended after strong US inflation data pushed bond yields higher.

Inflation remained stubbornly elevated in August as a war-driven energy shock continued to ripple through the US economy and Americans’ pocketbooks.

Learn how inflation and the latest inflation report affect mortgage rates. By watching inflation, you'll get a clue where interest rates are headed.

WASHINGTON/SAN FRANCISCO, Sept 24 (Reuters) - US Federal Reserve officials, who have begun hiking interest rates to tame high inflation, believe they can do so without damaging the job market if businesses come to anticipate falling inflation as a reason ...

Today's release of the September US Consumer Price Index (CPI) is set to be a decisive moment for markets and the Federal Reserve.

U.S. inflation showed little improvement in August, running at a 3.4 percent annual rate. Investors believe the Federal Reserve is very likely to raise rates at its meeting next week. Note: Data is the year-over-year change in the Consumer Price Index ...