October Inflation Rate Rises To 2.6% As Expected: December Interest Rate Cut Remains Uncertain
Benzinga
2024-11-13
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After six consecutive months of easing, the annual inflation rate, as measured by the Consumer Price Index (CPI), reversed course in October, climbing to 2.6% as expected.
This outcome casts doubt on the disinflationary trend that consumers and policymakers had hoped would persist, underscoring the challenging path ahead for the Federal Reserve’s 2% inflation target.
This outcome casts doubt on the disinflationary trend that consumers and policymakers had hoped would persist, underscoring the challenging path ahead for the Federal Reserve’s 2% inflation target.
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