Fitch US economics head Olu Sonora said the latest inflation report is a red‑light warning for the Fed. Energy inflation pushed the headline as expected, but the key problem is core inflation—particularly super‑core services inflation—remaining stuck above 3%. Higher energy costs are beginning to feed into broader services prices, raising the risk of a more persistent inflation surge. An end‑of‑month rate hike is now clearly under discussion, though December remains the more likely timing.