Inflation Stays Firm, but Not Enough to Derail December Fed Cut
Consumer prices edged up in October after having recorded the slowest rate of growth in 3½ years in the previous month, a sign of how inflation continues to move lower on an uneven and bumpy path.The latest report likely wasn’t enough to derail another interest-rate cut from the Federal Reserve in December.
Inflation Makes a Comeback: Does This Put December's Rate Cut in Jeopardy?
Core prices, which exclude volatile items like food and energy, increased 0.3% month over month in October, the same as August and September. Housing remains the biggest contributor to rising prices, accounting for half of the increase as the shelter index rose 0.4% month over month.
Odds of a December Interest-Rate Cut Jump After Inflation Matches Expectations
Wall Street gained confidence that the Federal Reserve will opt for another quarter-point interest-rate cut in December after the consumer price index for October matched expectations. Traders saw a 79.
Inflation Report Keeps December Rate Cut in Play
The October consumer-price index keeps the door open for Federal Reserve officials to cut interest rates at their meeting next month. A monthly rise of 0.28% in prices, excluding volatile food and energy items,
Inflation endured in October, CPI report shows. What happens next with interest rates?
Forecasters had expected lingering inflation in October. How will the new numbers affect the next Federal Reserve decision on interest rates?
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.
Inflation rises slightly as economy reacts to interest rate cuts
New data shows inflation rose slightly as the Federal Reserve navigates interest rate cuts following signs of cooling prices and a weaker labor market. CBS News contributor JD Durkin has more.
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