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Social Security Administration announces 3.6% cost-of-living adjustment for 2027
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US inflation rose to 3.7% in September in blow to Republicans before midterms
Final inflation report before voters go to polls comes amid widespread anger over cost of living under Trump Send us your questions on how the US economy is shaping the midterm elections Republicans are entering the midterm elections with the highest rate of inflation since the spring, according to a government report released on Wednesday. US price increases reached an annual rate of 3.7% in September, according to the latest data from the Bureau of Labor Statistics, up from 3.4% in August. This final inflation report before the pivotal midterm elections comes amid polls showing widespread dissatisfaction with the Trump administration over the cost of living. Continue reading...
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‘Ugly’ jump in US inflation, driven by gasoline prices, in blow to Trump before midterm elections – business live
Rolling coverage of the latest economic and financial news, including the IMF meeting in Thailand, the IEA’s new oil market report, and US inflation Full story: US inflation rose to 3.7% in September Global financial system is failing developing countries, says Ed Miliband UK government borrowing costs are dropping this morning, which will please John Healey and the IMF alike! The yield, or interest rate, on UK 10-year bonds is down 3.5 basis points to 5.4%, while thirty-year bond yields are 3bps lower at 5.89%. Chancellor John Healey is expected to pay for all new giveaways in this month’s Budget — including a cost-of-living package — with higher taxes or spending cuts rather than more borrowing. People briefed on UK Budget preparations told the FT that the October 28 fiscal package would be “scorecard positive” in 2029-30, the final year of the parliament, meaning that all extra discre