The Labor Department is releasing the September inflation report on Thursday, which is expected to show that consumer prices continued to run near a 40-year high.
Congressional correspondent Chad Pergram details the criticism the Fed is taking over its effort to fight inflation on"Cavuto: Coast to Coast."
The Labor Department is releasing the highly anticipated consumer price index report on Thursday morning, providing a fresh look at how hot inflation ran in September. While consumers have recently gotten a little relief from inflation in the form of lower gas prices, the latest CPI report is likely to show that the cost of food and rent has skyrocketed. That is a concerning development because higher housing and food costs most directly and acutely affectA separate report released Wednesday by the Labor Department showed that inflation at the wholesale level rose faster than expected in September.
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