10 Nov, 2026

US inflation worsens in October, boosting odds of larger Fed hike

Inflation continues to run hotter than expected, moving away from the Federal Reserve's target and making a rate hike at the central bank's next meeting a near certainty.

The consumer price index (CPI), the market's preferred inflation metric, increased 0.4% from September to October, the US Bureau of Labor Statistics ...[end of article preview]