Oct US CPI inflation modestly up, may result in fewer interest rate cuts

Q: How long will it take to read this news story?

The story "Oct US CPI inflation modestly up, may result in fewer interest rate cuts" has 1126 words across 34 sentences, which will take approximately 5 - 10 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Oct US CPI inflation modestly up, may result in fewer interest rate cuts" was covered 21 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 265 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23572155</li><li>URL: https://beamstart.com/news/oct-us-cpi-inflation-modestly-17315093707901</li></ul>

Business Standard Logo Business Standard 21h ago

Oct US CPI inflation modestly up, may result in fewer interest rate cuts - Business Standard

Quick Summary:

The consumer price index rose 0.2% for the fourth straight month, the Labor Department said on Wednesday.

A December cut is still in the cards."Yet, with policymakers already so cautious about the risk of renewed price pressures, particularly amidst the continued strength of the U.S.economy and the potential Trump policy agenda, the Fed will need to tread a cautious path.

Any inflation surprise to the upside will kind of throw off the prevailing narrative in markets, which is that the Fed will continue cutting and that's a positive for risk assets.''The latest CPI data matched expectations, showing a year-over-year increase of 2.6%.