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Inflation expected to have increased
Will October's inflation increase slow the pace of interest rate cuts?
Inflation increased to 2.6% in October, rising modestly from the previous month, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS).
Annual inflation rate hit 2.6% in October, meeting expectations
Energy costs, which had been declining in recent months, were flat in October while the food index increased 0.2%. On a year-over-year basis, energy was off 4.9% while food was up 2.1%.
Inflation expected to have increased in October
Inflation has cooled dramatically since a peak of 9% attained in 2022, now hovering near the Federal Reserve’s target rate of 2%. The slowdown of price increases has coincided with robust economic growth,
CBS News on MSN
1d
Inflation's up again. Here's what it could mean for mortgage interest rates.
Below, we'll break down what this new rise in
inflation
could mean for mortgage
rates
. Mortgage
rates
have been ...
1d
on MSN
Inflation ticked up in October, CPI report shows. What happens next with interest rates?
Forecasters had expected lingering inflation in October. How will the new numbers affect the next Federal Reserve decision on ...
17h
Wall Street ends mixed while inflation data keeps Fed rate-cut hopes intact
The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer ...
1d
Are inflation-adjusted wages lower now than 50 years ago? That data is cherry-picked
Two measures that economists most commonly use for inflation-adjusted wages show that wages are higher now than five decades ...
23h
on MSN
Phoenix, US Sun Belt See Inflation Rate Ease Below 2%
Phoenix and Atlanta, once inflation hotspots, are now seeing prices rise at the slowest rate among big US cities.
21h
on MSN
Fed officials wary of inflation risks as they weigh more rate cuts
By Ann Saphir (Reuters) -After a scare earlier this year that the U.S. labor market might be cooling too fast, some Federal ...
19h
Stock market today: Tech lags as inflation print keeps Fed rate cut on track
The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price ...
Marketplace
18h
Inflation is higher in New York and Hawaii than in Tampa and Denver. Why?
Inflation is normally uniform across the country. Housing isn't, and it's affecting people trying to find it differently.
4h
ECB divided on risk of excessively weak inflation, accounts show
A European Central Bank rate cut last month was seen as an insurance move against unexpectedly low inflation but policymakers ...
Investors Chronicle
13m
Time to prepare for the return of inflation
This year consumer price inflation has fallen steadily to just 1.7 per cent in September, a drop which was below the rate ...
NBC Los Angeles
23h
Here's the inflation breakdown for October 2024 — in one chart
Consumers saw price relief at the gas pump and grocery store. But housing inflation and other categories like car insurance ...
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