September CPI Hits 3.7% as Stocks Post Their Worst Day Since July
Gasoline drove more than half the monthly jump. Markets sold off, and both parties are already arguing over who owns the inflation problem three weeks before Election Day.
Section
Economy
Record Diesel Prices Hit Farmers and Truckers. The White House Responds With Tax Relief, but the Refinery Shortage Remains.
An executive order defers federal diesel excise taxes and loosens dyed-diesel rules through Dec. 31. Economists say the core problem is lost refining capacity.
Under Warsh, the Fed Raises Rates for the First Time Since 2023. Both Parties Read It as a Verdict on the Economy.
A unanimous quarter-point hike aims to keep an energy shock from spreading into everyday prices. Democrats blame the president's policies. The president calls the Fed political.