US federal debt at 100% of GDP, first time since 1946. Accelerates inflation to 3.6%

US federal debt reached 100% of GDP in the fiscal year ending September 30, the highest level since 1946 when it hit 106% during World War II. The deficit reached 6.2% of GDP.

American inflation measured by the PCE index, the personal consumption expenditure that the Fed uses as one of the main indicators of price pressures, rose to 3.6% in September, in line with analysts' expectations, from 3.4% in August. The core index, net of energy and food, recorded a +0.3% on August.