"U.S. Wholesale Inflation Surges 2.2% in September, Marking Highest YoY Increase Since April"

U.S. wholesale prices rose 2.2 percent in September, the largest year-over-year gain since April, indicating persistent inflationary pressures despite higher interest rates. The producer price index climbed from a 2 percent increase in August, with core inflation rising 2.7 percent year-over-year. Wholesale energy prices surged 3.3 percent, and food prices rose 0.9 percent. The Federal Reserve may leave interest rates unchanged, as the economy remains stronger than expected, and there is optimism for a "soft landing" to control inflation without causing a recession.