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Macro

US Inflation Accelerates to 3.7% as Gasoline Prices Jump

US inflation accelerated to 3.7% in September, with core inflation at 2.6% year over year. Gasoline prices accounted for more than half of the monthly headline increase, the data showed. The pickup in headline inflation was driven largely by energy costs, while the core reading held at a slower annual pace.

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AI take

The gap between headline and core is the story here: a 3.7% print against 2.6% core means the acceleration is concentrated in energy, not in the broader price basket. For crypto and RWA markets, that distinction matters because it shapes whether the move is read as a durable inflation problem or a gasoline-driven blip. Whether energy keeps driving the headline, or core starts to firm alongside it, is the open question worth watching.

Generated by AI for reference only.

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