Fed’s favorite inflation gauge hit the highest level since April 2024

Inflation ticked up to its highest annual rate since April 2024 and consumer spending cooled in September, according to a shutdown-delayed report released Friday by the Commerce Department.

​ Inflation ticked up to its highest annual rate since April 2024 and consumer spending cooled in September, according to a shutdown-delayed report released Friday by the Commerce Department. Read More Breaking News, Latest News and Videos | CNN