INFLATION TICKING TIME BOMB : THE FED EYES ANOTHER HIKE AS GAS AND HEATING OIL PRICES SPIKE ARE YOU READY FOR WHAT COMING ?

What happened: The September CPI rose 3.7% year over year, with gasoline up 9.1% for the month and fuel oil up 15.3%, per the BLS. Energy rose 5.2% in September. Key numbers: CPI +3.7% YoY, +0.6% in September vs +0.4% in August. Gasoline +9.1% monthly, +34.2% over 12 months. Fuel oil +15.3% monthly, +74.2% yearly. Energy +20.4% YoY. Why it matters: The data lowers the odds the Fed cuts rates to Trump's preferred 1% range soon and adds pressure to hike as inflation strays from the 2% goal. A Reuters/Ipsos poll found 78% of Americans blame Trump's policies for the cost of living.

The September CPI rose 3.7% year over year, with gasoline up 9.1% for the month and fuel oil up 15.3%, per the BLS. Energy rose 5.2% in September.

The data lowers the odds the Fed cuts rates to Trump's preferred 1% range soon and adds pressure to hike as inflation strays from the 2% goal. A Reuters/Ipsos poll found 78% of Americans blame Trump's policies for the cost of living.