US inflation ticked up to 2.6% in October, potentially influencing Fed interest rate decisions.

US inflation may have increased in October for the first time in seven months, with consumer prices rising 2.6% from a year ago, up from 2.4% in September. This slight uptick could affect the Federal Reserve's decision on interest rates. Despite this rise, most economists predict that inflation will continue to decline, though overall costs remain about 20% higher than three years ago.

November 13, 2024
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