Used Vehicles Lift U.S. Consumer Prices, but Inflation Slowing | Investing News

WASHINGTON (Reuters) – U.S. consumer prices increased for a fourth straight month in September, with the cost of cars and trucks rising by the most since 1969, though inflation is slowing amid labor market slack as the economy gradually recovers from the COVID-19 recession.

While the benign report from the Labor Department on Tuesday will have no direct impact on monetary policy, it should allow the Federal Reserve to keep interest rates near zero for a while and continue with massive cash infusions as it nurses the economy back to health.

The U.S. central bank is now more concerned about the labor market and has embraced flexible average inflation targeting, which in theory could see policymakers tolerate price increases above its 2% target for a period of perhaps several years to offset years in which inflation was lodged below its goal.

At least 25.5 million people are on unemployment benefits.

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Consumer prices rise 0.2% in September, used vehicles spike

Updated

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Holden Special Vehicles worth $6million final resting place at Dutton Garage

Incredible collection of Holden HSVs worth over $6 million goes up for sale in Australia

  • Biggest collection of Holden Special Vehicles at Dutton Garage, Richmond
  • The rare cars are estimated to be worth a combined $6 million in value 
  • General Motors announced earlier this year it was closing its Holden factories
  • Production on cars stopped in June and 600 of its workers were let go 

In a boutique car showroom rests the largest collection of Holden Special Vehicles in Australia.

More than 40-rare and never-to-be-made-again cars are stored at Dutton Garage in Richmond, Melbourne.

From sedans to muscle cars to specialist race cars these are the last vehicles of their kind.

Car enthusiast duo Driver and the Kid took a tour of the collection and called it a ‘pledge to

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3 homes, 5 outbuildings, several vehicles burned down in 9,200-acre Sears Fire

Three homes, five outbuildings and several vehicles have been destroyed by the Sears Fire, which has grown to 9,200 acres northeast of Phoenix near Bartlett Lake and remains at 0% containment as of Sunday morning, according to officials. 

After fire officials completed a damage assessment in the area around Sears Kay Ranch, preliminary

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