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The first inflation report since the US election was released, in line with market expectations

On November 13th, the U.S. Department of Labor announced on Wednesday that consumer prices rose 2.6% in October from a year earlier. This marks a pick-up in inflation from September, when the CPI rose 2.4% year-on-year. Excluding food and energy items, core inflation rose 3.3% year-on-year, a better indicator of underlying trends in inflation. Both results were in line with market expectations. This is the first inflation report since the U.S. election. Americans were disappointed with inflation...

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2024-11-13 21:39:34