'Ugly' September inflation numbers are exactly what markets didn't want to see: Brian Brenberg

Fox News contributor Brian Brenberg said on "Fox & Friends" that the report showed inflation higher than expected, which will be a problem for markets.

BRIAN BRENBERG: This is an ugly report that we just got. People already know the numbers in a sense, because they felt them last month. But now we're getting the numbers: 8.2% year-over-year, that beat expectations. A 6.6% core number, both of those numbers are higher than we expected to see. They're higher than markets expected to see. That's going to be a problem for markets. They're going to get nervous now because that means the Fed has an even harder job than they thought they had. … This is the report the stock market didn't want to see because inflation continues to be worse than expected. And I want you to pay attention to that core number, that 6.6% increase, because what that means is that inflation has reached deeper and deeper into the economy. It's spread farther, and it's going to be harder to get out.