US Inflation Reaches 3% in September

Published 22 hours ago

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Above: The New York Stock Exchange (NYSE) floor on Oct. 20, 2025. Image copyright: Spencer Platt/Getty Images

The Spin

Republican narrative

September inflation hit only 3%, beating expectations and sending markets soaring as interest rates fell. The data shows tariffs aren't driving consumer prices as economists feared, proving economic policies are working. With the Fed positioned for more rate cuts next week and corporate profits rising, the bull market continues strong.

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Benny Johnson on X

Democratic narrative

Trump's promises to end inflation on "day one" have completely failed as 74% of Americans report monthly cost increases of at least $100. Despite claiming there's "virtually no inflation," households face an average $2,300 annual increase from his tariffs alone. His economic policies are driving the very price hikes that he promised to fix.

Quartz Guardian