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Stocks rallied on Friday after new inflation numbers landed slightly cooler than expected, with the headline Consumer Price Index surging 3% year over year in September, just below the 3.1% that many on Wall Street had penciled in. Core inflation also eased to 3% from 3.1% in August, showing progress in categories that have held firm for months, including housing and core services. But that sense of relief is not translating to daily life outside financial markets. On Main Street, people are still dealing with rising costs in groceries, utilities, and basic services. The reality on the ground does not match the excitement in trading rooms. Households continue to feel squeezed. Policy decisions face uncertainty as government shutdown limits economic visibility George Bory, chief investment strategist for fixed income at Allspring Global Investments, said the headline improvement remains incomplete. George said, “The numbers are better than expected, but still well above the Fed’s target. It’s a little premature to signal the all-clear.” Joe Brusuelas, chief economist at RSM, also stressed the uneven nature of the progress when he spoke with Yahoo Finance. Joe said: “Housing, shelter, and food all increased at a little bit slower pace than what we had penciled in, so it’s looking a little bit better. But make no mistake about it, we’re still seeing services advance at a 3.6% year-over-year basis. Food is at a 3% year-over-year basis, and even transportation, which was down, is stuck at 1.7%.” Joe pointed directly at how this feels for lower-income households. “Out there, down-market, they’re going to be looking at this and saying, guys, you’ve lost your minds. Do you know what’s happening down-market to our cost of living? It’s rising.” The details inside the CPI report make that divide obvious. Beef and veal prices are up by nearly…

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Filed under: News - @ October 26, 2025 8:28 pm