Reported 12 days ago
The upcoming Consumer Price Index (CPI) report for October is expected to indicate that inflation remains a challenge for the U.S. economy, with a projected increase in headline inflation to 2.6%. Despite recent rate cuts by the Federal Reserve, economists believe inflation will not show significant improvement, largely due to elevated costs in housing and services. The discussion around the potential impact of the new administration under President-elect Trump adds uncertainty to future inflation trends, emphasizing the challenges ahead for achieving the Fed's inflation targets.
Source: YAHOO