Inflation, prices and the economy: the story so far
While You Were Out has covered inflation, prices, interest rates and the stock market in 15 verified stories since Monday, September 28, 2026, each checked against at least two news sources. The Labor Department's producer price index rose 1.3% in September, the largest monthly increase since March 2022, and 6.3% from a year earlier. South Korea's Kospi fell more than 7% on Thursday and Japan's Nikkei 225 dropped about 5%, as a selloff in technology and AI-related shares spread to Asia. The consumer price index rose 3.7% from a year earlier in September, above the 3.6% economists expected and up from 3.4% in August.
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Quick answers
What's happening with inflation and the economy?
Oct. 15: The Labor Department's producer price index rose 1.3% in September, the largest monthly increase since March 2022, and 6.3% from a year earlier. Oct. 15: South Korea's Kospi fell more than 7% on Thursday and Japan's Nikkei 225 dropped about 5%, as a selloff in technology and AI-related shares spread to Asia. Oct. 14: The consumer price index rose 3.7% from a year earlier in September, above the 3.6% economists expected and up from 3.4% in August.
What is the latest? (updated Thursday, October 15, 2026)
Wholesale prices jump 1.3% in September, most since 2022. The Labor Department's producer price index rose 1.3% in September, the largest monthly increase since March 2022, and 6.3% from a year earlier.
Timeline, newest first
- Wholesale prices jump 1.3% in September, most since 2022The Labor Department's producer price index rose 1.3% in September, the largest monthly increase since March 2022, and 6.3% from a year earlier.
- South Korea's Kospi plunges more than 7% as tech selloff spreads across AsiaSouth Korea's Kospi fell more than 7% on Thursday and Japan's Nikkei 225 dropped about 5%, as a selloff in technology and AI-related shares spread to Asia.
- Inflation hits 3.7%, stocks fall; Social Security to rise 3.6% in 2027The consumer price index rose 3.7% from a year earlier in September, above the 3.6% economists expected and up from 3.4% in August.
- Goldman Sachs beats forecasts as JPMorgan misses; S&P 500 ends about flatGoldman Sachs reported third-quarter profit of $5.29 billion, or $17.01 a share, well above the $13.02 analysts expected, as equities revenue jumped 72% to $6.44 billion.
- South Korea's Kospi falls more than 5% in chip selloffSouth Korea's Kospi fell more than 5% on Tuesday, after dropping more than 7% at one point, as chipmakers sold off on worries about the AI boom and reports of advances by Chinese memory chipmaker CXMT.
- Dow gains, Nasdaq slips as chip and AI stocks fallThe Dow rose 195.60 points (0.38%) to 51,850.55 on Monday, while the S&P 500 slipped 0.06% and the Nasdaq fell 0.44% as semiconductor, memory and AI-infrastructure stocks declined.
- Trump forms committee to investigate Fed Governor Lisa CookPresident Trump set up a White House committee to investigate allegations that Federal Reserve Governor Lisa Cook made false statements on mortgage applications, his latest effort to remove her.
- Phone-company stocks sink after SpaceX spectrum dealShares of Verizon, AT&T and T-Mobile fell sharply Friday after SpaceX agreed to buy a nationwide 800 MHz low-band spectrum portfolio expected to be used for a mobile service.
- Nasdaq falls after report that OpenAI's revenue is lower than reportedThe Nasdaq Composite fell about 1.4% on Thursday after the Financial Times reported OpenAI told investors its annualized revenue is approaching $50 billion, about $20 billion less than previously reported.
- Fed minutes point to another rate hike as 10-year yield hits highest since 2002Minutes from the Federal Reserve's September meeting, released Wednesday, show most officials thought another rate increase would likely be appropriate by year end, citing elevated inflation and energy prices.
- S&P 500 closes at a record highThe S&P 500 rose 0.58% to a record close of 7,818.93 on Tuesday, led by tech stocks including Nvidia and AMD, as oil prices eased and Treasury yields slipped.
- Nasdaq closes at a record as tech stocks riseThe Nasdaq composite rose about 1% to a record close Monday, led by big tech stocks including Nvidia.
- Stocks rise after the weak jobs report as rate-hike bets fade; Nvidia hits a recordU.S. stocks rose Friday after the softer-than-expected jobs report pushed Treasury yields lower and reduced expectations of another Federal Reserve rate hike.
- Fed's preferred inflation gauge comes in cooler than expectedThe personal consumption expenditures (PCE) price index rose 3.4% from a year earlier in August, below the 3.7% economists expected.
- Stocks close lower as oil risesThe Dow, the S&P 500 and the Nasdaq each closed down less than 1% on Monday, and oil prices rose, after President Trump rejected Iran's proposal over the weekend and diplomatic progress stalled.