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Inflation hit a bump
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).
Inflation expected to have increased in October
Inflation has cooled dramatically since a peak of 9% attained in 2022, now hovering near the Federal Reserve’s target rate of 2%. The slowdown of price increases has coincided with robust economic growth,
Inflation hit a bump in October after slowing for six straight months
The annual rate of inflation moved higher last month for the first time since March, as expected — but economists say the underlying trend remains favorable for another round of interest rate cuts.
Wall Street Drifts to a Mixed Finish
Inflation Data Boots Wall Street as Stocks Hover Near Records
The new numbers have boosted hopes that more help for the economy will arrive next month from another cut to interest rates.
Stock market today: Wall Street ticks up modestly ahead of more inflation data; Disney soars
Markets on Wall Street rose modestly in early trading Thursday as more corporate earnings are released ahead of another inflation update from the U.S. government. Futures for the S&P 500 were up just 0.
Stock Market Today: Wall Street Drifts to a Mixed Finish After an Inflation Update
U.S. stocks drifted to a mixed finish after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates
Fed, Inflation
Inflation Ticks Up, as the Fed’s Victory Remains Incomplete
Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.
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 business and financial information, news and insight around the world US inflation remained firm in October rather than continuing its irregular descent,
Food inflation ticks higher as egg, beef prices remain elevated
The overall food category increased 2.1%, driven higher by the cost to dine out, which was up 3.8%. The growth in prices of restaurant meals has outpaced the growth in grocery prices in 2024 as rising wages continue to contribute to costs.
Inc
5h
Inflation Rose Slightly in October, But Two-Year Downward Trend Remains
Inflation
in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price ...
CNN on MSN
22h
The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns
“If he carries through on what he said during his campaign, there will be an
inflation
shock significantly greater than the ...
2h
on MSN
US wholesale inflation picks up slightly in sign that some price pressures remain elevated
Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to ...
6h
3 Side Hustles To Beat Inflation In 2024
The consumer price index (CPI) shows that inflation rose about 2.6 percent over the past year. Here are three side hustles to ...
Business Insider
1h
Stock market today: Indexes mixed as traders digest wholesale inflation and await Powell's remarks
Indexes traded mixed on Thursday as traders assessed new
inflation
data and waited for remarks from Federal Reserve Chair ...
4h
on MSN
Stock Markets Are in Denial Over Inflation. Why Investors Face a Shock Ahead and 5 Other Things to Know Today.
Trump fills out cabinet picks, Cisco raises outlook, Super Micro stock faces delisting, and other news to start your day.
23h
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 ...
5h
on MSN
Where was inflation the highest in October? Northeast and Midwest cities near the top
Americans across the U.S. are experiencing vastly different inflation rates depending on where they live, and new Labor ...
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