Rising gas prices pushed inflation higher, yet American consumers kept spending and supported economic growth. The producer price index jumped 6.3% in September from a year earlier, its biggest rise in nearly four years, with gas prices up 20% in the month and food costs up 1.2% from August. Consumer price inflation reached 3.7% in September, far above the Fed's 2% target. Retail sales rose 0.8% from August but only 0.2% excluding gas, unemployment ticked up to 4.2%, and jobless claims stayed below 200,000. Still, inflation-adjusted weekly paychecks fell from a year earlier, and most Fed officials expect another rate increase this year after it raised rates to about 3.9% in September.
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Original headline: US consumers withstand rising prices , but for how long ?
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 101.78 |
| Change that session | -0.20% |
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