Washington - (AFP) - Very weak indications of slowing inflation in the United States , and prices may have recorded a new high in September, which may displease Joe Biden, who recently admitted the possibility of a recession in the near future.

Analysts at MarketWatch report that the Consumer Price Index (CPI), for which figures for September will be published Thursday, may have continued to slow year-on-year, falling to 8.1 percent from 8.3 percent in August. .

However, this indicator is expected to have increased during the month by 0.3 percent, compared to 0.1 percent in August.

In August, the numbers were disappointing. Inflation slowed less than expected on a year-on-year basis, mainly due to lower petrol prices at gas stations.

But apart from fuel prices, the price hike was general and affected, especially rents and food products.
Over the course of a month, prices began to rise again after stabilizing between June and July.

This rise in the cost of living for American families constitutes a strong argument for opponents of Democratic President Joe Biden, one month before the mid-term elections, during which part of the Congress is renewed.

Joe Biden admitted Tuesday that the United States "could" suffer a "very slight recession".

The US Federal Reserve is trying to slow economic activity to relieve pressure on prices. But the longer inflation persists, the stronger it becomes, leading to a recession.

Even Federal Reserve officials believe that a period of weak growth and a slowdown in the labor market will be necessary to overcome this inflation, which they consider "unacceptable," as stated in the report of the September 20-21 meeting published Wednesday.

They noted that inflation "has not yet responded" to the interest rate hike aimed at curbing it. That is why they made another sharp increase in the key interest rate, by three-quarters of a percentage point.

A number of these officials at the Federal Reserve confirmed that "acting too shy will cost more than the cost of moving decisively" on interest rates, stressing the need to continue tightening monetary policy "despite the slowdown in the labor market."