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US inflation rose 3.7% in September, more than economists expected and still well above the Federal Reserve’s 2% target, as the central bank weighs whether to hike interest rates again by year’s end.

The reading for the Consumer Price Index a closely watched measure of inflation that tracks changes in the costs of everyday goods and services matches the reading in August, and is slightly above the 3.6% advance that economists expected, according to data by the Bureau of Labor Statistics released Thursday.

On a monthly basis, inflation slowed to 0.4% from 0.6% in August, partly because of lower pressure from energy prices.

However, core CPI a number that excludes volatile food and energy prices and serves as a closely watched gauge among policymakers for long-term trends held steady at 0.3% month to month and rose 4.1% from a year ago, in line with expectations.

Though September’s CPI is also a cooldown from inflation’s 9.1% peak in June 2022, it still remains well above the Fed’s 2% goal. Stock futures dropped ahead of the market opening as traders increased their bets of another rate hike to around 50%, up from 30% earlier this week.

“The bigger picture is that the trend is still quite encouraging, but the fight continues,” said Olu Sonola, head of US regional economics at Fitch Ratings in New York. “They [Fed officials] may now want to extend the pause to December, given the recent increase in long-term rates.”

The gasoline index’s 2.1% advance was also a large contributor to the CPI, the data showed, though the federal agency said shelter’s 0.2% increase accounted for over half of the increase.

Gasoline experienced an eye-watering 10.6% increase last month, when AAA figures showed that the average price for a gallon of gas was $3.85.

As of Thursday, a gallon of gas in the US averages $3.65, according to AAA.

While many investors had been willing to look past the volatile energy numbers, a surprisingly resilient labor market has some worried that inflation could be more stubborn.

September’s employment report revealed that the US economy added a whopping 336,000 jobs last month — an unexpected surge that contradicts the notion the Fed may tamp down its aggressive tightening regime.

The blowout number was nearly double the 170,000 jobs economists had expected, and also sharply higher than an upwardly revised 227,000 jobs added in August, according to fresh data released by the Bureau of Labor Statistics last week.

The news sent yields on US Treasury bonds to their highest levels in 16 years and sent the Dow Jones Industrial Average into the red for 2023.

Since inflation hit a four-decade peak last summer, the central bank has worked to bring the stubborn figure down by hiking rates another 25 basis points to a 22-year high in August in hopes of an economic slowdown.

The benchmark federal funds rate currently sits between 5.25% and 5.5%. Last month, Fed officials unanimously decided to hold the record-high rate steady for the second time in six policy meetings so far this year.

But thanks to a strong labor market, the US economy has avoided a downturn, and even the Fed has said its no longer predicting the economy will slip into a recession by the end of the year.

“We must wait for more data to see if this is just a blip or if there is something more fundamental driving the increase such as higher rent increases in larger cities offsetting softer increases in smaller cities,” said US Bank of America Securities economist Stephen Juneau.

“When deciding whether to raise rates one last time this year, the FOMC will be asking whether inflation needs another nudge or if its getting to 2% on its own. Its increasingly looking like the latter,” NerdWallet data analyst Elizabeth Renter told The Post.

“The Fed, astheyreall too happy to remind us, is laser focused on getting inflation down to 2%.”

Fed Chair Jerome Powell has said central bankers will be taking a data-dependent approach moving forward, leaving more interest rate hikes before years end up in the air.

Markets were spooked ahead of the jobs report, falling more than 1% when the Labor Department released its Job Openings and Labor Turnover Summary, which showed job openings increased to 9.61 million in August up from 8.9 million in July.

With Post wires.

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Three more former N’western players file lawsuits

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Three more former N'western players file lawsuits

Three former Northwestern players have filed lawsuits against the school and former coach Pat Fitzgerald, alleging hazing and mistreatment within the football program, including the initial whistleblower who sparked an investigation into the claims.

Former linebacker Nathan Fox, who played for Northwestern from 2015 to 2019, and two men identified as John Doe filed the lawsuits in Cook County circuit court this week. Both Fox and the whistleblower, identified as John Doe 22, spoke with attorney Maggie Hickey, whom Northwestern hired to investigate John Doe 22’s allegations after they were first brought forward in late 2022.

Hickey’s investigation found that the player’s hazing allegations could largely be corroborated but that there was no evidence Fitzgerald and other coaches and staff members had knowledge of the incidents. After Hickey’s investigation concluded, Northwestern suspended Fitzgerald for two weeks without pay. The whistleblower then went public with his allegations in the Daily Northwestern campus newspaper, and Northwestern president Michael Schill fired Fitzgerald two days later.

Fitzgerald in October filed a $130 million wrongful termination lawsuit against Schill and the school. His case is set for trial in 2025. A total of 25 former players have filed lawsuits against Northwestern, alleging hazing and other mistreatment.

Fox’s lawsuit outlines many of the hazing allegations from previous filings, including “running” and other sexualized acts, many of which allegedly took place during the team’s preseason training camp in Kenosha, Wisconsin. He said he reported his experiences to six Northwestern staff members, including a therapist in 2018 who had him sign an agreement allowing her to share his allegations with the athletic training staff. Fox said that shortly after, Fitzgerald chastised him in a team meeting for complaining of unfair treatment. Fox said an athletic trainer also called him out.

The lawsuit also states another Northwestern psychologist, upon hearing of Fox’s hazing allegations, told him they weren’t real and stemmed from a diagnosis of bipolar disorder that Fox has never received. Fox said the psychologist prescribed him medication that led to him contemplating suicide.

According to the lawsuit, he did not report the allegations directly to the coaching staff because of fear of retaliation, and went to Hickey upon learning of the hazing investigation into Northwestern football.

The plaintiffs are seeking damages in excess of $50,000. Northwestern is not commenting on pending litigation against the school.

“It is abundantly clear to us that numerous staff members knew about the violent sexual hazing and emotional abuse that was occurring under Northwestern’s watch,” attorney Margaret Battersby Black, whose firm is representing several plaintiffs, said in a statement. “Employees were told about the abusive hazing by some of the players including Nathan Fox, who brought the abuse to their attention years before the Maggie Hickey investigation. Instead of doing the right thing and reporting the abuse or taking steps to stop it, those who knew either ignored it or retaliated against those who came forward.”

More lawsuits from former players are expected to be filed against Northwestern in the coming days.

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Marius Gustavson: Mastermind behind ‘eunuch maker’ extreme body modification ring jailed for at least 22 years

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Marius Gustavson: Mastermind behind 'eunuch maker' extreme body modification ring jailed for at least 22 years

The mastermind behind an extreme body modification ring that carried out “grizzly and gruesome” procedures including castrations has been jailed for life with a minimum term of 22 years.

Warning: The following article contains graphic details of extreme physical mutilation

Marius Gustavson, 46, ran a “lucrative business” sharing images of “dangerous, unnecessary and life-changing surgeries” carried out by people with no medical qualifications, the Old Bailey heard.

The Norwegian national made almost £300,000 through his open website “eunuchmaker.com”, which amassed 22,841 users as it became increasingly professional.

He advertised his services, such as male castration, penis removal and freezing of limbs, while customers paid to view footage of the procedures or could take out a £100-a-year subscription.

“Arch-manipulator” Gustavson had his own penis cut off, the tip of his nipple removed, and his leg frozen so that it had to be amputated, and recruited like-minded individuals to assist him, the court heard.

Gustavson, who claimed £18,500 in disability benefits after losing his leg and now uses a wheelchair, appeared in court for sentencing by video-link from HMP Wandsworth.

The Old Bailey was told body parts, including testicles, were kept in takeaway tubs in his freezer, while Gustavson’s own penis was found in a drawer in his home almost four years after it was amputated.

The judge said the activity would appear to many to be “at least disgusting and abhorrent”.

He said the procedures, some of which were carried out with knives or surgical scalpels, were “grave and life-threatening matters” with “permanent and irreversible” results.

“Many of them may require extensive medical and other assistance for the rest of their lives.”

An image of body parts kept in his freezer was “no doubt what you would regard as the trophies of your acts of carrying out extreme body modifications”, he told Gustavson.

“You are very much the mastermind behind this grizzly and gruesome enterprise,” he said.

“The motivations of all were a mix of sexual gratification as well as financial reward.”

‘Clear evidence of cannibalism’

Prosecutor Caroline Carberry KC said he sold body parts, while there “was clear evidence of cannibalism” in the case and images found on Gustavson’s phone from 22 June 2018 show “he cooked some testicles for lunch”.

“The images, from raw ingredients to an artfully arranged salad platter, were discovered by officers,” she said.

Gustavson, who was said to have been involved in almost 30 procedures, pleaded guilty to conspiracy to commit grievous bodily harm (GBH) between 2016 and 2022.

He also admitted five more counts of causing GBH with intent, making an indecent image of a child, possessing criminal property, possessing extreme pornographic images and three counts of distributing indecent pseudo-photographs of a child.

‘Cult-like atmosphere’

Nine other men have admitted their involvement with Gustavson’s ring after one victim, who cannot be identified for legal reasons, went to police after feeling he was “tricked” into a procedure while under the influence of drugs.

knife used by Damien Byrnes
Image:
A knife used in some of the procedures. Pic: Metropolitan Police

He said in a victim impact statement Gustavson created a “cult-like atmosphere” around him, which was “captivating and mesmerising” and “his veneer of respectability was a masterstroke”.

The prosecutor said the “nature and scale” of the procedures “is without precedent”.

One victim was branded with EM – eunuch maker – while a dice game was played to decide what body parts would be removed from another.

‘Human butchery’

Some required emergency medical treatment following procedures described by the judge as “little short of human butchery”.

They were carried out at Gustavson’s home in north London, rented apartments or hotels, and the victims, including a 16-year-old boy, were promised money from the video revenue, the court heard.

Prosecutors said many of the men who underwent procedures consented to them, while all of those charged were motivated by the sexual element of the offences and financial gain.

Wanted to be ‘architect of own body’

Rashvinderjeet Panesar, defending Gustavson, said his “desire to be the architect of his own body” began during puberty before the recognition of body integrity dysphoria but the modifications were triggered by the end of his marriage in 2016.

The procedures gave him “feelings of empowerment and greater acceptance of himself” and he wanted to help others stuck in a body they wanted to make changes to and “wished to put a smile on other people’s faces,” he said.

The barrister compared the practice to transgender operations but with “people who want to be known as ‘nullos’ or of neutral gender” and in circumstances “where legal medical procedures haven’t caught up”.

Mr Panesar said that what may be seen in the courtroom as “depraved, dangerous, and unnecessary is the cost of happiness for others”.

Jacob Crimi-Appleby, Damien Byrnes and Nathan Arnold
Image:
Jacob Crimi-Appleby, Damien Byrnes and Nathan Arnold

Former NHS domestic assistant David Carruthers, 61, Janus Atkin, 39 – who had studied to be a vet – retired chemist Peter Wates, 67 and Romanian national Ion Ciucur, 30, previously pleaded guilty to conspiracy to commit GBH between 2016 and 2022.

They were jailed for 11 years, 12 years, 12 years, and five years and eight months respectively

Carruthers’ partner Ashley Williams, 32, and German Stefan Scharf, 61, also pleaded guilty to causing grievous bodily harm with intent and were each jailed for four and a half years.

They will all serve two thirds before being released on licence.

Jacob Crimi-Appleby, 23, Damien Byrnes, 36, and Nathaniel Arnold, 48, have already been sentenced – to three years and eight months, five years, and two years suspended respectively – all having pleaded guilty to GBH.

Crown Prosecution Service specialist prosecutor Kate Mulholland said: “Marius Gustavson ignored the risks of performing unnecessary surgery on vulnerable men for sexual gratification and financial gain.

“He actively recruited participants through his website and was paid to stream the footage of these barbaric procedures.”

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Five babies have died with whooping cough this year, UK health officials say

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Five babies have died with whooping cough this year, UK health officials say

Five babies in England have died after being diagnosed with whooping cough, health officials have said amid a rapid rise in cases.

More than 2,700 whooping cough cases have been reported across England so far this year – more than three times the amount recorded in the whole of last year.

New UK Health Security Agency (UKHSA) figures show there were 2,793 cases reported to the end of March.

This is compared with the 858 cases for the whole of 2023.

The UKHSA said there have been five infant deaths between January and the end of March.

“Whooping cough can affect people of all ages but for very young babies it can be extremely serious,” said UKHSA consultant epidemiologist Dr Gayatri Amirthalingam.

“Our thoughts and condolences are with those families who have so tragically lost their baby.”

There were 1,319 cases reported in March alone, according to the provisional data. There were 556 cases recorded in January and 918 in February.

Between January and the end of March, 108 babies under the age of three months were diagnosed with whooping cough. Some 51% of cases during this period were among those aged 15 and older.

The bacterial infection, also known as pertussis, affects the lungs and breathing tubes.

Whooping cough can be called the “100-day cough” because of how long it can take to recover from it, and it spreads very easily.

Pregnant women are being urged to take up the offer of the whooping cough vaccine so they can pass on protection to their babies, which should last until they are old enough to get vaccinated themselves.

NHS national medical director Professor Sir Stephen Powis said: “With cases of whooping cough continuing to rise sharply across the country, and today’s figures sadly showing five infant deaths, it is vital that families come forward to get the protection they need.

“If you are pregnant and have not been vaccinated yet, or your child is not up-to-date with whooping cough or other routine vaccinations, please contact your GP as soon as possible, and if you or your child show symptoms ask for an urgent GP appointment or get help from NHS 111.”

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Health officials describe whooping cough as a “cyclical disease”, meaning it peaks every three to five years, with the last big increase in 2016.

The UKHSA said the impact of the COVID pandemic means there is “reduced immunity in the population”, while vaccine uptake has fallen in recent years for both pregnant women and children.

The NHS recommends all pregnant women are vaccinated against whooping cough between 16 and 32 weeks with immunity passing through the placenta to protect newborn babies in their first weeks of life.

UKHSA said the first signs of whooping cough are similar to a cold, such as a runny nose and sore throat, but after about a week, the infection can develop into coughing bouts that last for a few minutes and are typically worse at night.

Young babies may also make a distinctive “whoop” or have difficulty breathing after a bout of coughing, though not all babies make this noise which means whooping cough can be hard to recognise.

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