October Inflation Slows as Gas Prices FallFalling Gas Offers Relief as Fed Rate Hike LoomsInflation Still Runs Hot Despite October Gas Price Drop
U.S. consumer prices rose 0.4% in October, while core prices climbed 0.3%, the Bureau of Labor Statistics said on November 10. Falling gas prices helped slow the monthly increase, though both readings exceeded economists’ expectations.U.S. prices rose 0.4% in October, with falling gasoline costs helping slow the increase. On November 10, Fed governor Christopher Waller said a larger rate hike should remain on the table.U.S. prices rose 0.4% in October, above economists’ expectations, and core inflation increased 0.3%. On November 10, Fed governor Christopher Waller said a half-point hike may be warranted.