2 publishers · first seen Fri, 06 Nov 2026 01:30 UTC · updated Thu, 12 Nov 2026 00:38 UTC
The Federal Reserve is expected to raise interest rates in December following higher-than-expected inflation data for October. The Consumer Price Index (CPI) rose 0.4%, exceeding expectations. Core CPI, excluding food and energy, also increased. This has led to speculation of a rate hike, although the majority of analysts still expect a 25-basis-point increase. The inflation rise is attributed to higher energy prices, driven by the ongoing conflict in Iran, and persistent increases in food and housing costs.
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