The annual CPI in the U.S. for September may be close to 3%, and the Federal Reserve is concerned about the direction of inflation changes

According to ChainCatcher news, as reported by Jinshi, Dean Baker, chief economist at the UK research institution CEPR, stated that the US September CPI data may show a growth rate similar to that of August, with both overall and core CPI annual rates expected to be close to 3%, above the Federal Reserve's target of 2%. The direction of changes in inflation levels may raise concerns for the Federal Reserve, especially as the impact of tariffs has not yet been fully passed on to consumers.