October Inflation: Challenges Persist Despite Slowing Overall Rate

1 min read
Source: Bloomberg
October Inflation: Challenges Persist Despite Slowing Overall Rate
Photo: Bloomberg
TL;DR Summary

US inflation showed little change in October, indicating a challenging path towards the Federal Reserve's target. The core consumer price index, excluding food and energy, is expected to have risen at the same rate as in September, reflecting persistent price pressures.

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