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

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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%.