Will October's inflation increase slow the pace of interest rate cuts?
Inflation increased to 2.6% in October, rising modestly from the previous month, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS).
U.S. inflation rose 2.6% in October, a month after the Federal Reserve began cutting rates
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
October retail sales add further complexity to Fed rate cut bets
U.S. retail sales rose firmly again last month, Commerce Department data indicated Friday, suggesting consumer spending and sentiment remains healthy into the final stretch of 2024 and should support broader growth prospects heading into next year.
Are the Fed's Rate Cuts Over Now That Inflation Is Rising Again?
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U.S. inflation rose 2.6% in October, a month after Fed's first rate cut
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
October wholesale PPI inflation up 0.2% for annual rate of 2.4%, meeting expectations
Wholesale Producer Price Index inflation rose 0.2% in October and is up 2.4% annually, according to a Thursday report from the Bureau of Labor Statistics.
Richmond Fed’s Barkin expects inflation will fall into next year, hints at slowing rate-cut pace
Richmond Fed president Tom Barkin said Friday that he expects inflation will continue to drop into next year and hinted at slowing down the pace of rate cuts.
Nigeria's inflation rate rises to 33.88% in October 2024
According to the report, the figure is 1.18% points higher compared to the 32.70% recorded in September 2024. The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased 33.
Annual inflation rate in France rises to 1.2% in October
The inflation rate in France increased to 1.20% in October from 1.1% in September. The Consumer Price Index in France increased 0.3% in October 2024 over the previous month. ETFs: (EWQ) Currency: (EUR:USD) More on France New President,
Debt-ridden Harris campaign spent $2.6 million on private flights for staff in October: FEC documents
Kamala Harris' presidential campaign, which is $20 million in debt, spent $2.6 million on private jets in October, according to Federal Election Commission filings.
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