US consumer prices rose 3.7% in September compared with the same month a year earlier, according to KBS 뉴스, which reported that the figure came in above expectations.
The reading marks the fastest pace of US inflation in five months, YTN reported, adding pressure on interest rate policy.
Market expectations for a rate increase this month shifted sharply after the data. According to 조선일보, the probability of a hike moved from 22% to 46%. 연합인포맥스 reported that bets on an October rate rise climbed to around the 50% level.
Investing.com 한국어 published a roundup of reactions from experts and analysts to the September CPI report.
The reports, all published Wednesday, point to persistent inflation pressure in the United States and a market reassessing how aggressively the Federal Reserve may need to act. The CPI, or Consumer Price Index, is a widely followed gauge of how much prices for goods and services change over time.
Attention now turns to whether upcoming economic data and Fed commentary reinforce or ease the case for a rate increase at this month's policy meeting.
