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Inflation Rose In Oct., Raising Concerns For Fed Rate Cuts
Will October's inflation increase slow the pace of interest rate cuts?
Inflation increased to 2.6% in October, rising modestly from the previous month, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS).
U.S. inflation rose 2.6% in October, a month after the Federal Reserve began cutting rates
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
Inflation Rose In October, Raising Concerns For Fed Rate Cuts
Inflation in the United States ticked up in October, driven by costlier rents, used cars and airfares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021.
CBS News on MSN
2d
Inflation's up again. Here's what it could mean for mortgage interest rates.
In October, U.S. inflation rose by 2.6% on an annual basis, a slight
increase
from the 2.4%
rate
reported in September.
ABC15 Phoenix, AZ on MSN
1d
Federal Reserve slashes interest rates by quarter-point as inflation cools
In a move that consumers will welcome, the Federal Reserve on Thursday slashed its benchmark interest rate by a quarter of a ...
1d
on MSN
BOJ may offer hints of next rate-hike timing in Ueda's closely watched speech
Bank of Japan Governor Kazuo Ueda will deliver a speech and hold a news conference in the central Japan city of Nagoya on ...
CNET
15h
Mortgage Predictions: The Fed Isn't Hurrying to See Lower Rates
The Fed has two main objectives: maintain maximum employment and contain inflation. Although one single data point is never ...
4d
on MSN
Why mortgage interest rates may drop again this week
The mortgage interest rates of 2020 and 2021 may never reappear but, if they do, it will be a gradual process to get them ...
2d
on MSN
Japan's megabanks see record annual profit after bumper Q2 as rate hikes boost margins
Japan's three megabanks raised their annual profit forecasts to all-time highs on Thursday, fuelled by robust lending demand ...
3d
The interest rate on my high-yield savings account keeps dropping. I asked 3 experts how to earn more on my cash.
The interest rate on my high-yield savings account has dropped from 4.6% to 4.2%. I asked experts how to get more yield on my ...
2d
on MSN
How Mortgage Rates Will Change in 2025, According to Experts
The Federal Reserve cut interest rates by a quarter-point on Thursday, even as mortgage rates have been rising since September.
9h
Barclays, HSBC, TSB increase interest rates for homeowners
A number of banks have increased their mortgage rates despite the Bank of England's recent interest rate cut. Here's ...
8d
Get ready for inflation and interest rates to rise again
Many economists say these tariffs, as well as some of his other proposals, could kick-start another bout of inflation and ...
3d
Japan's rising wholesale inflation heightens uncertainty on BOJ's rate hike timing
Japan's wholesale inflation accelerated in October as renewed yen falls pushed up import costs for some goods, data showed on ...
Hosted on MSN
1d
October wholesale PPI inflation up 0.2% for annual rate of 2.4%, meeting expectations
Wholesale Producer Price Index inflation rose 0.2% in October and is up 2.4% annually, according to a Thursday report from the Bureau of Labor Statistics.
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