The consumer price inflation in the US eased for a third straight month to 8.2 percent year-on-year in September 2022. Also, the annual rate remained well above the US Federal Reserve's target of 2%, suggesting policymakers will maintain their hawkish rhetoric and keep raising interest rates at a quick pace. The US CPI was at 296.808 points in September, compared with 296.171 points in the prior month and market forecasts of 296.43 points.
While Federal Reserve may keep raising interest rates, policymakers and governments should keep in mind that people with low income, who are more likely to be impacted by the high interest rate, are suffering. They have to pay more for not only food and gas but also for their existing debt due to higher interest rates.
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