Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains and ensuring that the Federal Reserve will keep raising interest rates aggressively.
Consumer prices rose 8.2% in September compared with a year earlier, the government said Thursday. On a month-to-month basis, prices increased 0.4% from August to September after having ticked up 0.1% from July to August.
Excluding the volatile categories of food and energy, so-called core inflation soared far above expectations last month — a sign that the Fed’s five rate hikes this year have so far done little to cool inflation pressures. Core inflation climbed 0.6% from August to September and 6.6% over the past 12 months. The yearly core figure is the biggest increase in 40 years. Core prices typically provide a clearer picture of underlying price trends.
The House Jan. 6 committee is set to unveil “surprising” details including evidence from Donald Trump’s Secret Service about the 2021 attack on the U.S. Capitol in what is likely to be its last public hearing before the November midterm elections.
The hearing Thursday afternoon, the 10th public session by the panel, is expected to delve into Trump’s “state of mind” and the central role the defeated president played in the multipart effort to overturn the election, according to a committee aide who discussed the plans on condition of anonymity.
The committee is starting to sum up its findings: Trump, after losing the 2020 presidential election, launched an unprecedented attempt to stop Congress from certifying Joe Biden’s victory. The result was the deadly mob siege of the Capitol.
The U.N. General Assembly voted overwhelmingly Wednesday to condemn Russia’s “attempted illegal annexation” of four Ukrainian regions and demand its immediate reversal, a sign of strong global opposition to the seven-month war and Moscow’s attempt to grab its neighbor’s territory.
The vote in the 193-member world body was 143-5 with 35 abstentions. It was the strongest support from the General Assembly for Ukraine and against Russia of the four resolutions it has approved since Russian troops invaded Ukraine Feb. 24.
Ukraine’s U.N. ambassador, Sergiy Kyslytsya, called the vote “amazing” and “a historic moment.” U.S. Ambassador Linda Thomas-Greenfield said supporters were “holding our breaths” and called it “a monumental day.” European Union Ambassador Olof Skoog called it “a great success” that sends “a resounding message to Russia that they are and remain isolated.”
Daniel Getty can be reached at gett9650@stthomas.edu.