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Inflation Rose in Oct., Raising Concerns for Fed Rate Cuts
Are the Fed's Rate Cuts Over Now That Inflation Is Rising Again?
October's Consumer Price Index (CPI), which measures changes in the cost of consumer goods and services, showed that annual inflation rose by 2.6%. That's not an alarmingly high rate of inflation. It's also only a modest uptick from September's CPI reading, which measured annual inflation at 2.4%.
US inflation may have increased in October: Here's what's rising in price, and what's leveling off
A rise in prices could make the Federal Reserve less likely to cut its key interest rate in the coming months. But most economists believe inflation will continue its slowdown.
U.S. inflation rose 2.6% in October, a month after the Federal Reserve began cutting rates
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
1h
Voters blamed Biden and Harris for rising costs. Was that fair? We asked economists.
“Biden/Harris don’t bear primary blame for the inflation,” said Jeffrey Frankel, a Harvard University economist. “Primary ...
1d
Inflation ticks up in October mostly driven by housing cost increases
Most economists believe overall prices will continue downward trend following first rise in annual inflation in seven months ...
Inc
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Inflation Rose Slightly in October, But Two-Year Downward Trend Remains
Wages are still growing and have outpaced prices for the past year and a half. But Powell noted that wages aren’t
rising
...
1d
on MSN
Inflation is cooling, but these 5 things are still getting more expensive
While certain spending categories are down – fuel oil for example is 20% cheaper than it was last fall – inflation is still ...
1d
Progress lowering US consumer inflation stalling; rate cut pace uncertain in 2025
U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress toward low ...
Samaa
5h
Why your grocery bill keeps rising - 16 years of inflation in Pakistan
Remember those times when tomatoes or onions suddenly became luxury items? That’s food inflation at work. For example, food ...
15h
Seattle-area inflation slows. Here’s what’s still driving up prices
New data published by the U.S. Bureau of Labor Statistics shows inflation is growing at a lower rate in the Seattle area, ...
2d
on MSN
Japan's rising wholesale inflation heightens uncertainty on BOJ's rate hike timing
Japan's wholesale inflation accelerated in October as renewed yen falls pushed up import costs for some goods, data showed on ...
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