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Fed Warns Ahead as CPI Beats Forecast, Raises Rates

By Drooid · Oct 20, 2026, 4:05 PM UTC · How we work

Summary

Story summary

JPMorgan Chase CEO Jamie Dimon warned that five economic threats could challenge growth.
September CPI rose 3.7% and core CPI 2.6% year-over-year, exceeding forecasts.
Both headline and core inflation remain above the Federal Reserve (Fed)’s 2% target.
The Fed could raise rates before year-end, with meetings in late October and mid-December.
Fiscal deficit hit $1.993 trillion in FY 2026, contributing to higher long-term Treasury yields.

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Story summary

JPMorgan Chase CEO Jamie Dimon warned that five economic threats could challenge growth.
September CPI rose 3.7% and core CPI 2.6% year-over-year, exceeding forecasts.
Both headline and core inflation remain above the Federal Reserve (Fed)’s 2% target.
The Fed could raise rates before year-end, with meetings in late October and mid-December.
Fiscal deficit hit $1.993 trillion in FY 2026, contributing to higher long-term Treasury yields.