US inflation rose 2.6% in October — higher than a month earlier — as Fed weighs further rate cuts

Biztoc.com - 13 November 2024

US inflation rose 2.6% in October — higher than a month earlier — as Fed weighs further rate cuts

US inflation accelerated in October from the pace it set a month earlier — raising doubts whether the Federal Reserve will continue to cut interest rates before the end of the year. The Consumer Price Index rose 2.6% versus a year ago last month — above the 2…

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