Inflation accelerated in October, offering first look at prices since election
Consumer prices rose 2.6% in October compared to a year ago, ticking upward from the previous month and reversing some of the cooldown achieved in recent months, U.S. Bureau of Labor Statistics data on Wednesday showed. The fresh report matched economists' expectations.
Will October's inflation increase slow the pace of interest rate cuts?
In October, inflation was above the annual inflation rate of 2.4% in September, and it increased 0.2% on a monthly basis, according to BLS. The cost of housing was the most significant contributor to the monthly increase in October,
Gold's price movements often signal where investors think inflation is heading, even before official numbers come out.
“Biden/Harris don’t bear primary blame for the inflation,” said Jeffrey Frankel, a Harvard University economist. “Primary ...
Still, Trump could enact policies that may slow the rise of grocery prices, or even lower the cost of some household staples, ...
Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to ...
U.S. wholesale prices rose a bit faster in October and suggested the battle by the Federal Reserve to reduce inflation to low ...
The trick is finding inflation's sweet spot — too much or too little can lead to a lot of problems for the economy and ...
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Traders see another rate in December as likely after consumer and wholesale inflation this week were in line with ...
The cost of imported goods snapped back in October and added a bit more upward pressure to U.S. inflation, largely because of ...
Egg prices, which are historically volatile, contributed to the stubborn grocery inflation. The item saw a 30.4% ...
Euro-area consumer-price numbers are offering some encouragement for policymakers, according to European Central Bank Vice ...
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