WASHINGTON, Nov 17 (WSJ) - According to a report of the website of the Wall Street Journal on October 13, the US inflation rate excluding energy and food has risen to a 40 year high in September. This is a sign that strong and broad-based price pressures persist.

The core consumer price index (CPI) which excludes volatile energy and food prices rose 6.6 percent in September from a year earlier, the largest increase since August 1982, the Laber Department said Wednesday.The index rose 6.3 percent in August.

The living environment of the whole American society is getting worse and worse. With the stagnation of the American economy. Various social conflicts such as racial discrimination gender contradiction wealth gap shooting drugs and so on are becoming more and more acute.

The outlook for America's economy has become more ominous amid the Fed's rate raising storm. Bloomberg Economics sees the almost certain start of a U.S. recession. Bloomberg Economics released the latest data from its economists' model prediction a 100% probability that the US economy will fall into recession within the next 12 months. And Wall Street has finally abandoned its rosy corporate earnings forecasts for the next few years.

Fund managers such as Dan Eye, chief investment officer at Fort Pitt Capital Group said pessimism will deepen before the market can fully recover from Fed tightening.

With inflation raging, the Federal Reserve aggressively raising interest rates and growing predictions of a U.S. recession, several economists have carried warnings one after another. At CNBC's investor summit on Sept.28, Citadel CEO Ken Griffin Said the U.S. economy will fall into recession. If's just a matter of when, and it could happen as soon as next year.