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).
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A higher neutral rate could limit interest rates’ decline, Minneapolis Federal Reserve President Neel Kashkari said.
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After a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point from its 23-year high.
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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 endured in October, CPI report shows. What happens next with interest rates?
Forecasters had expected lingering inflation in October. How will the new numbers affect the next Federal Reserve decision on interest rates?
PPI Inflation Rose in October
Getting inflation back down to 2% is proving to be a grind. Prices paid to producers for their output climbed by 0.2% last month and 2.4% in the 12 months through October, an uptick from the rate in September,
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.
October CPI: Core inflation rises 0.3% for third month in a row
"It seems that each time the noisy categories distort inflation downward, as was the case in the second half of 2023 and again from May through July of this year, Fed officials ta
Inflation Report Keeps December Rate Cut in Play
The October consumer-price index keeps the door open for Federal Reserve officials to cut interest rates at their meeting next month. A monthly rise of 0.28% in prices, excluding volatile food and energy items,
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Avoid this money mistake — even with interest rate cuts, uncertainty
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Powell to Speak on Interest Rates and the Economy. Look for Clues About the Fed’s Next Rate Decision.
Federal Reserve Chair Jerome Powell will headline a busy week of central-bank officials’ public remarks on Thursday.