US consumer prices rise as expected in October

Quick Summary:

This brings the annual inflation rate to 2.6%, fueled by factors like potential policy changes under President-elect Trump.

US consumer prices rose by 0.2% in October, matching expectations.

While the Federal Reserve is likely to cut interest rates in December, future cuts in 2024 are uncertain due to inflation concerns.

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Article Details

Author / Journalist: Reuters

Category: EconomyBusiness

Markets: IndiaIsrael

Topics: CPI US consumer prices Economic policies Interest rate cuts Federal Reserve Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 23:00:34 (22 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 618 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 23572577

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 21 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 1 hours ago

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Publisher ID: #28

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