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).
Inflation Rose Slightly in October, But Two-Year Downward Trend Remains
Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021. Consumer prices rose 2.6 percent ...
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.
Inflation ticked up in October, CPI report shows. What happens next with interest rates?
That's a much lower inflation rate than American consumers endured through most of 2022 and 2023, but it's higher than the inflation rate for September, 2.4%. Shelter prices rose 0.4% in October,
US Inflation Rose Slightly Last Month After 2 Years of Steady Cooling but Remained Low
Inflation in the United States ticked up in October, driven by costlier rents, used cars, and air fares, a sign that price increases might be leveling off after having slowed in September to their low
PPI Inflation Rose in October
Getting inflation back down to 2% is proving to be a grind. Prices paid to producers for their output climbed by 0.2% last month and 2.4% in the 12 months through October, an uptick from the rate in September,
Inflation progress stalls in US in October
Price increases in the US picked up last month, as progress toward stabilising prices appeared to stall. Consumer prices rose 2.6% over the 12 months to October, the Labor Department said. That marked a slight uptick from 2.
Inflation Rose in October, Raising Concerns for Fed Rate Cuts
October's annual inflation rate ticked up for the first time in seven months, after more than two years of gradual cooling.
Homes of Patrick Mahomes, Travis Kelce targeted by burglars in early October
Patrick Mahomes and Travis Kelce were victims of burglaries in the days before and after the Chiefs' Week 5 game.
U.S. October budget deficit jumps to $257 billion, handing hole to Trump
The U.S. budget deficit jumped nearly four-fold to $257 billion in October, a figure inflated by one-off factors, the ...
Where was inflation the highest in October? Northeast and Midwest cities near the top
Americans across the U.S. are experiencing vastly different inflation rates depending on where they live, and new Labor ...
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 ...
Inflation accelerated in October, offering first look at prices since election
Economists expect prices to have risen 2.6% over the year ending in October. That figure would mark a slight uptick from the ...
Planet saw its 2nd-warmest October in 175-year record: 2024 on pace to be world's warmest year on record
Earth saw another unusually warm month, with October 2024 ranking as the second-warmest October in NOAA's 175-year global ...
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 ...
India's October merchandise trade deficit at $27.14 bln
India's merchandise trade deficit in October stood at $27.14 billion, according to a Reuters calculation based on export and ...
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, such as car ...