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Inflation Rose Slightly
US inflation rose slightly last month after 2 years of steady cooling but remained low
Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021.
Inflation Rose Slightly in October, But Two-Year Downward Trend Remains
Higher prices on rent, used cars and air fares contributed to a statistical bump in the Labor Department's measures of inflation, which most affect consumers.
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, Wholesale prices
US wholesale inflation picks up slightly in sign that some price pressures remain elevated
The resulting much higher borrowing costs were expected to tip the
United States
into recession. It didn’t happen. The economy kept growing, and employers kept hiring. And, for the most part,
inflation
has kept slowing.
Wholesale prices pick up and show inflation still a bit elevated
U.S. wholesale prices rose a bit faster in October and suggested the battle by the Federal Reserve to reduce inflation to low prepandemic levels may last awhile.
Inflation remains stubborn as wholesale prices accelerate after Fed rate cuts
Wholesale prices in the US rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.
Here's what's rising in price, and what's leveling off
US inflation may have increased in October: Here's what's rising in price, and what's leveling off
A rise in prices could make the Federal Reserve less likely to cut its key interest rate in the coming months. But most economists believe inflation will continue its slowdown.
Inflation progress stalls in US in October
Price increases in the US picked up last month, as progress toward stabilising prices appeared to stall. Consumer prices rose 2.6% over the 12 months to October, the Labor Department said. That marked a slight uptick from 2.
US Consumer Inflation Rises In October On Higher Housing Costs
US consumer inflation edged higher last month spurred by an increase in housing costs, according to government data published Wednesday, complicating the US Federal Reserve's plans to cut interest rates.
22h
on MSN
Progress lowering US consumer inflation stalling; rate cut pace uncertain in 2025
U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress toward low ...
1d
US Inflation Keeps Steady as Fed Looks to Avoid Reversal
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers ...
Seattle Times
2d
US inflation may have picked up in October after months of easing
WASHINGTON (AP) — Annual
inflation
may have risen in October for the first time in seven months, a sign that price ...
12h
on MSN
NY Times columnist slams Dems over denials about crime, migrants and inflation across US cities: ‘Shut the f–k up’
New York Times columnist Ezra Klein slammed Democrats over their stubborn denials that US cities are plagued with rising ...
Bloomberg L.P.
2d
US Consumer Inflation Outlook Fell Slightly, Fed Survey Shows
Households’
inflation
expectations declined slightly, the outlook for personal income held steady and workers are feeling ...
13h
Higher services costs lift US producer inflation in October
U.S. producer prices picked up in October, lifted by higher costs for services like portfolio management and airline fares, ...
2d
Most Gulf markets ease ahead of US inflation print
Most stock markets in the Gulf fell in early trade on Wednesday, tracking Asian shares lower ahead of key U.S. inflation data ...
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