Companies and Brands

September CPI Within Inflationary Targets

Today brought news about retail inflation for Joe Public. The U.S. Labor Department has reported its Consumer Price Index for the month of September, and the numbers are looking as though inflation is still contained at the retail level. The headline CPI reading was +0.6%, but the core CPI, which excludes food and energy, rose only by 0.1% in September.

Bloomberg was looking for a consensus of +0.5% on the headline CPI and +0.2% on the core CPI. Dow Jones also had estimates of +0.5% on the headline and +0.2% on the Core CPI.  To show just how much energy plays an impact, gasoline price were up by 0.7% and total energy prices were up by 4.5%. This would almost leave the public unscathed from major drought conditions and the impact of food, but the fear is still there that prices will be higher in the months ahead.

Today’s reading is good in that it is not overly inflationary. That being said, the Federal Reserve also has telegraphed that it would be willing to be a bit looser on the 2% inflation target if monetary policy was helping the employment picture more than what we have seen so far.

JON C. OGG

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today.  Don’t miss these offers because they won’t be this good forever.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

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