Slight 0.1 Percent Rise in Consumer Prices in September
The Labor Department reports a 0.1 percent advance in the Consumer Price Index for September while retail sales show modest, broad-based strength despite a sharp drop in demand for new autos. Analysts weigh in on inflation cooling and steady sales, with economists praising Fed timing. Local quotes stress the favorable inflation trend and resilient consumer activity.
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Washington
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National Association of Manufacturers
Federal Reserve
Robert G. Dederick
Northern Trust Co
Chicago
Labor Department
Retail sales rise for September with muted inflation
The Commerce Department reports September sales up 0.3 percent to $197.5 billion after a 0.5 percent gain in August. Inflation for the year runs 2.8 percent, just above 1994’s 2.7 percent, with June and August advances and July's 0.2 percent gain noted.
MENTIONED IN THIS ARTICLE
Commerce Department
GOP rebels press bid to alter farm subsidy plan
Four Republican House members known as the Gang of Four circulated a letter condemning the Freedom to Farm bill as welfare. They oppose tying payments to market prices and warn they will struggle to back the budget reconciliation measure that includes the plan, urging Senate alternatives that preserve subsidies for cotton and rice farmers.
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Gang of Four
Agriculture Committee
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Roberts
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Produc
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