Part 4/12:
Amidst the shutdown chaos, economic indicators provide a glimmer of hope. The September Consumer Price Index (CPI) report reveals a modest inflation increase of 0.3% for the month—short of the 0.4% forecasted by economists surveyed by Dow Jones. The overall inflation rate sits at approximately 3%, slightly below predictions of 3.1%. This data suggests that inflation may be slowing, although many still feel the pinch of higher costs.
Top Democrat voices, like House Minority Leader Jeffries, had previously claimed that inflation was worsening under current policies, but the latest numbers challenge that narrative, bringing some clarity to the economic outlook.