Reported 11 days ago
The latest inflation data from October shows that consumer prices increased by 2.6% year-over-year, matching forecasts and keeping the Federal Reserve on course for a potential interest rate cut in December. The Consumer Price Index rose 0.2% from the previous month, consistent with previous estimates, while core prices rose 0.3%. Despite ongoing inflation pressures, the Fed remains focused on its dual mandate of maximum employment and price stability, with markets anticipating a significant likelihood of a rate cut following these findings.
Source: YAHOO