According to Fox News on October 11, the inflation report due to be released on October 12 will show that price pressures remained uncomfortably high in September and difficult to control.
Other parts of the inflation report are also expected to point to a slow retreat in inflation, a worrying sign for the Fed. Excluding volatile food and energy prices, core prices are expected to rise 0.3 per cent, or 4.1 per cent year on year, suggesting underlying price pressures remain strong.
Bankrate.com senior economic analyst Mark Hamrick expects inflation to continue to rise in September, "while inflation has come off its highs, it is still difficult to control." For consumers, dealing with prices is a bit like fighting a disease - getting through the worst doesn't mean feeling better or stronger."