Reported 15 days ago
Recent trends indicate that progress in reducing US inflation has stagnated, particularly in October, casting doubts on the Federal Reserve's target achievement. The core consumer price index shows little change, while the overall CPI is expected to report a modest rise for the fourth consecutive month. Economists are noting that the last stretch toward manageable inflation levels presents significant challenges, as pandemic-related price distortions continue to linger despite some slowing in services costs. Furthermore, upcoming reports from the government and Federal Reserve officials may provide additional insights into the state of inflation and economic growth.
Source: YAHOO