US Fed’s favourite inflation measure sped up in October

Quick Summary:

US inflation has been stubborn in recent months.; now Trump’s tariffs loom as potential risk.

Policymakers sometimes look at monthly price changes to get an up-to-date sense of how inflation is evolving.

Price increases remain much cooler than they were at their peak in 2022, which topped out at about 7 per cent for the overall index.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: December Months Inflation Progress Investors Index Rates Interest Climbed Cent Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 08:07:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 534 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 23910545

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Year Established: 1845

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