# US Inflation Data Shapes Fed Rate Decision

> Hot inflation data pushes Fed to pause rates despite weak hiring.
- Title: US Inflation Data Shapes Fed Rate Decision · Financialexpress
- Summary: Hot inflation data pushes Fed to pause rates despite weak hiring. US inflation data shows hotter prices but weak job growth, keeping Fed's next rate move at…
- Keywords: us fed, inflation data, interest rate, cpi, ppi, fed rate hike, job market, cpi data, fed meeting, business, money, news
- Source: Financialexpress — https://financialexpress.com/market/global-markets/google-trends-how-us-inflation-data-is-shaping-the-feds-next-interest-rate-move/4363611
- Author: Sunil Dhawan
- Published: 2026-10-17T06:53:09+00:00
- Read time: 1 min
- Topics: us fed, inflation data, interest rate, cpi, ppi, fed rate hike, job market, cpi data, fed meeting, business, money, news
## US Fed Rate Decision
US Fed must balance prices and jobs but neither is moving in its favour.
## Rising Inflation Concerns
Google Trends shows rising interest in US CPI data and Fed rate hike expectations.
## September CPI Data
Consumer prices rose 0.6% monthly and 3.7% annually in September 2026.
## Energy Costs Surge
Energy index alone rose 5.2% monthly and 20.4% annually in September 2026.
## Producer Prices Jump
Producer prices soared 1.3% monthly in September 2026, sharpest rise since russian invasion of ukraine.
## FedWatch Odds Shift
CME FedWatch Tool shows 66.2% chance of rate pause at October 27-28 meeting.
## Weak Job Market
US economy added 29,000 jobs in September 2026, below forecast of 90,000.
## Next Data Points
September core pce expected to rise 0.3% monthly, with yearly reading at 3.1% by October.
## Key takeaway

US inflation data shows hotter prices but weak job growth, keeping Fed's next rate move at pause with narrow margin.