How ‘bumpy’ is US inflation?

Quick Summary:

Headline consumer prices are expected to have grown by 2.4 per cent in October, according to a consensus of economists polled by Reuters.

Chair Jay Powell pushed the issue of rising prices back into the spotlight this month when he warned that progress on inflation had been more “bumpy” than expected.

In his speech, Powell said core PCE prices looked likely to have risen 2.8 per cent year on year in October.

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Article Details

Author / Journalist: Jennifer Hughes

Category: MarketsFinanceInvesting

Markets: United StatesAustria

Topics: Cent Expected Interest Europe Likely Prices Month Inflation Energy Rate Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-24 @ 12:00:03 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 952 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23793631

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

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