US Inflation Shows Slow and Uneven Descent, Reinforcing Federal Reserve's Stance on Interest Rates

According to the latest data, inflation has remained significantly above the Federal Reserve's 2% target. On a "core" basis, prices in September climbed 4.1% over last year — a slowdown from the 4.3% annual increase seen in August. https://t.co/1Lcy1ZW2Ur

Surging rents lift US consumer prices; higher US Treasury yields and Middle East conflict likely to discourage the Fed from tightening monetary policy further https://t.co/gHZFIbHpBX https://t.co/5FzbMdWIh5

US consumer prices advanced for a second month, likely reinforcing the Federal Reserve’s stated intent to keep interest rates high to further slow inflation: Here’s your Evening Briefing https://t.co/U69nEFOiqC