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Annual inflation rate hit 2.6% in Oct., meeting expectations
US inflation rose 2.6% in October — higher than a month earlier — as Fed weighs further rate cuts
The Consumer Price Index rose 2.6% versus a year ago in October — falling in line with expectations, the Labor Department said on Wednesday.
Annual inflation rate hit 2.6% in October, meeting expectations
Inflation perked up in October though pretty much in line with Wall Street expectations, the Bureau of Labor Statistics reported Wednesday. The consumer price index, which measures costs across a spectrum of goods and services,
Inflation expected to have increased in October
The U.S. government is set to release new inflation data on Wednesday, offering a fresh look at price increases little more than a week after the issue appeared to help former President Donald Trump win re-election.
US Inflation May Have Picked up
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 annual rate of 2.4% recorded during the previous month.
Right before the election, inflation picked up
Economists expect Wednesday’s report will show inflation edged up at a 2.6 percent annual rate in October, compared with a 2.4 percent gain in the prior month.
US Inflation May Have Picked up in October After Months of Easing
Annual inflation may have risen in October for the first time in seven months, a sign that price increases might be leveling off after steadily cooling for more than two years
3h
on MSN
Inflation ticked up slightly, but was consistent with Wall Street's expectations
Federal Reserve Chair Jerome Powell.Inflation sped up slightly in October, but fell in line with expectations on the heels of ...
3h
Fed's Powell had pointed to 'bumps' in road to 2% inflation
Federal Reserve Chair Jerome Powell had mentioned last week that the road to 2% inflation would not be a straight line. "We expect there to be bumps," Powell said, at his press conference last week.
Newsweek on MSN
5d
Jerome Powell Announces Interest Rate Cut After Inflation Cools
Federal Reserve Chairman Jerome Powell announced Thursday that the central bank cut its benchmark interest rate after ...
6h
Political Attacks Weaken Central Banks’ Inflation Mission, Former ECB Official Says — Interview
Paramo said criticism from political leaders can undermine central bank efforts to tame inflation even if they stop short of ...
New York Post on MSN
13d
Core inflation rises more than expected in September — largest monthly gain since April
The Federal Reserve slashed interest rates in September by an outsize half-point cut on easing inflation. Monthly inflation ...
6d
Fed meeting today: Interest rates cut by quarter-point as Powell wrestles with Trump's election win, inflation questions
Fed Chairman
Jerome
Powell
said the U.S. economy is in very good condition, but "people are still feeling the effects of ...
Wall Street Journal
1d
Inflation, Disney Earnings, Powell Speech: What to Watch for the Rest of the Week
Federal Reserve Chair
Jerome
Powell
is scheduled to speak on Thursday. (Alexandra Citrin-Safadi/WSJ) Reports on ...
1d
on MSN
Hold Up. Fed Chair Powell Just Issued a Dour Warning on the Economy. Is the Bull Market in Trouble?
Federal Reserve Chair Jerome Powell was asked for his thoughts on large budget deficits and the rising national debt at his ...
2d
on MSN
Economic Focus Turns Back to Inflation as Markets Try to Extend Their Trump Election Rally
Key readings on inflation for October will show whether the trend toward a lower rate of price increases will continue.
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