Reported about 6 hours ago
The latest data from the Bureau of Labor Statistics indicates that consumer prices in the US increased by 2.4% annually in September, slightly surpassing economists' forecasts of 2.3%. While the annual inflation rate showed a moderation compared to August's 2.5%, core prices, which exclude food and energy, rose by 0.3% month-over-month, indicating persisting inflationary pressures, especially in housing and food costs. This scenario has led market analysts to predict a smaller interest rate cut by the Federal Reserve in November.
Source: YAHOO