Inflation Rises While Israel-Gaza Conflict Escalates; GOP Divided Over Scalise as Shutdown Looms

Consumer prices rose 0.4% in September, exceeding expectations and raising prospects of further Fed rate hikes. Core inflation rose 0.3% month-over-month.

Israel launched new airstrikes in Gaza, resulting in over 50 deaths. The UN says 338,000 people displaced amid a growing humanitarian crisis.

Fossil fuel subsidies reached $7 trillion in 2022, up from $5.9 trillion in 2021, raising climate and economic concerns.

Scalise faces uphill battle to become House Speaker, with over a dozen Republicans already opposing him. Government shutdown looms.

Senate Banking Committee to investigate Hamas funding sources, including potential crypto involvement. Bipartisan efforts underway to freeze $6 billion in Iranian assets.