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).
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.
October retail sales add further complexity to Fed rate cut bets
U.S. retail sales rose firmly again last month, Commerce Department data indicated Friday, suggesting consumer spending and sentiment remains healthy into the final stretch of 2024 and should support broader growth prospects heading into next year.
Are the Fed's Rate Cuts Over Now That Inflation Is Rising Again?
Inflation wreaked havoc on Americans' finances for much of 2022 and 2023. But thankfully, things have been better this year, with annual inflation rising at a much slower pace. Unlock a bonus worth $250 and pause interest into 2026 – this credit card is the perfect combo!
U.S. inflation rose 2.6% in October, a month after Fed's first rate cut
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.
October wholesale PPI inflation up 0.2% for annual rate of 2.4%, meeting expectations
Wholesale Producer Price Index inflation rose 0.2% in October and is up 2.4% annually, according to a Thursday report from the Bureau of Labor Statistics.
Richmond Fed’s Barkin expects inflation will fall into next year, hints at slowing rate-cut pace
Richmond Fed president Tom Barkin said Friday that he expects inflation will continue to drop into next year and hinted at slowing down the pace of rate cuts.
Nigeria's inflation rate rises to 33.88% in October 2024
According to the report, the figure is 1.18% points higher compared to the 32.70% recorded in September 2024. The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased 33.
Annual inflation rate in France rises to 1.2% in October
The inflation rate in France increased to 1.20% in October from 1.1% in September. The Consumer Price Index in France increased 0.3% in October 2024 over the previous month. ETFs: (EWQ) Currency: (EUR:USD) More on France New President,
Debt-ridden Harris campaign spent $2.6 million on private flights for staff in October: FEC documents
Kamala Harris' presidential campaign, which is $20 million in debt, spent $2.6 million on private jets in October, according to Federal Election Commission filings.
Retail Sales Rise in October as Consumer Spending Stays Strong
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US import prices unexpectedly rise in October
U.S. import prices unexpectedly rose in October amid higher prices for fuels and other goods, the latest indication of lack ...
Retail sales up solidly in October as Americans showed continued willingness to spend
Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the ...
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 ...
Canadian home sales jump 7.7% in October
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Here's the deflation breakdown for October 2024 — in one chart
There are still some pockets of deflation in the U.S. economy, though the dynamic has become more muted as supply chains ...