美国9月CPI同比升3.7%超预期,油价与核心通胀双升
PBS News Hour full episode, Oct. 14, 2026
美国通胀数据显著超预期且结构恶化,直接指向美联储政策路径与利率预期,是宏观交易的核心变量,建议密切关注后续联储表态及债市反应。
AMNA NAWAZ: Good evening. I'm Amna Nawaz. GEOFF BENNETT: And I'm Geoff Bennett. On the "News Hour" tonight: Rising gas prices drive inflation higher, adding to Americans' cost of living concerns weeks before the midterm elections. AMNA NAWAZ: Ukraine accuses Elon Musk of restricting his Starlink Internet systems and undermining troops on the front line against Russia. GEOFF BENNETT: And Judy Woodruff explores how immigration to the U.S. and the policies governing it have evolved throughout U.S. history.
AMNA NAWAZ:晚上好,我是Amna Nawaz。GEOFF BENNETT:我是Geoff Bennett。今晚《新闻时刻》节目内容:汽油价格上涨推高通胀,在中期选举前几周加剧了美国人对生活成本上升的担忧。AMNA NAWAZ:乌克兰指控埃隆·马斯克限制其Starlink互联网系统,并削弱前线对抗俄罗斯的部队力量。GEOFF BENNETT:Judy Woodruff探讨了移民美国及其相关政策如何在美国历史中演变。
NANCY FONER, Author, "Immigration: How the Past Shapes the Present": Immigration has been tied into our history for so long. So to see this rejection of immigrants, this victimization of immigrants is very, very concerning. (BREAK) GEOFF BENNETT: Welcome to the "News Hour." With the midterm elections just three weeks away, a new inflation report shows prices rising faster than expected, putting more pressure on Americans struggling with the cost of everyday essentials.
NANCY FONER,《移民:过去如何塑造现在》作者:移民与我们的历史紧密相连已久。因此,看到对移民的排斥、将移民视为受害者,令人非常担忧。(插播)GEOFF BENNETT:欢迎收看《新闻时刻》。随着中期选举仅剩三周,一份新的通胀报告显示物价上涨速度超出预期,给挣扎于日常必需品开支的美国民众带来更大压力。
AMNA NAWAZ: Prices climbed 3.7 percent over the past year and by more than half-a-percent in just the last month. It's the largest monthly increase in five months. The price increase was driven by gasoline, up 9 percent in September. For more on all of this, I'm joined by Heather Long. She's vice president and chief economist at Navy Federal Credit Union. Great to see you. HEATHER LONG, Chief Economist, Navy Federal Credit Union: Good to be here.
AMNA NAWAZ:过去一年物价上涨了3.7%,仅上个月就上涨超过0.5个百分点。这是五个月来最大的月度增幅。此次物价上涨主要由汽油价格推动,9月份汽油价格上涨了9%。关于这一切的更多报道,我请到了Heather Long。她是海军联邦信用合作社副总裁兼首席经济学家。很高兴见到你。HEATHER LONG,海军联邦信用合作社首席经济学家:很高兴来到这里。
AMNA NAWAZ: Well, let's start with that headline number, Consumer Price Index rising 3.7 percent from a year ago, rising faster than a month ago. How much of that is due to those rising gas prices? HEATHER LONG: Yes, that's the key question. Half of it is coming from the high gas and diesel prices. But, honestly, the reason most people gasped today when they saw this data is because the other half is coming from everything else.
AMNA NAWAZ:那么,我们从那个头条数字开始吧——消费者价格指数同比上涨3.7%,涨幅比一个月前更快。其中有多少是由于汽油价格上涨造成的?HEATHER LONG:是的,这是关键问题。一半来自高昂的汽油和柴油价格。但老实说,大多数人今天看到这些数据时倒吸一口气的原因是,另一半来自其他所有方面。
Sure, it's spilling over into higher airfares and higher home heating oil, but the war in Iran is not causing medical care, dental care, toys, apparel. I hope nobody's shopping for a suit. Those really jumped up. Software prices. There were just so many items, repairing a car, that rose, and that's what really caused the alarm bells today that this is way more broad-based than we thought, and that's going to take a long time to ease.
当然,这确实波及到更高的机票价格和更高的家庭取暖用油,但伊朗战争并未导致医疗护理、牙科护理、玩具、服装价格上涨。我希望没人正在买西装。那些价格真的大幅跳涨。软件价格也是如此。有那么多商品,比如汽车维修费用,都上涨了,这正是今天引发警报的原因:这次物价上涨的范围比我们想象的要广泛得多,而且缓解这一问题需要很长时间。
AMNA NAWAZ: We saw core inflation, which excludes those energy and food prices, also edging higher. What does that say to you? HEATHER LONG: Yes, it says that this is more than a gas and oil problem, and that it's going to be harder to get it down than we expected. The Federal Reserve will have to raise those interest rates again. It's already a pain point with the mortgage rates back above 7.5 percent. And so that's the pain that a lot of Americans feel, and probably the most important data point today, and people are feeling it, inflation up 3.7 percent, wage growth only 3 percent.
AMNA NAWAZ:我们看到核心通胀率(剔除能源和食品价格)也在上升。这说明了什么?HEATHER LONG:是的,这说明这不仅仅是汽油和石油的问题,而且将其压低将比我们预期的更困难。美联储将不得不再次提高利率。房贷利率已回升至7.5%以上,这已经是一个痛点。因此,这是许多美国人感受到的痛苦,也是今天最重要的数据点之一。人们正感受到这种痛苦:通胀率上升3.7%,而工资增长仅为3%。
AMNA NAWAZ: And that combination of the higher inflation, weaker wage growth, we have talked about
AMNA NAWAZ:高通胀与工资增长放缓的这种组合,我们之前曾讨论过
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