Easing inflation erases bets on more fed rate hikes | World Business Watch
Markets were relieved to see that US inflation fell significantly in October. The inflation figure is a leading indicator to signal the federal reserve has completed its interest rate hike cycle. The core consumer price index, which does not include food and energy prices, rose by 0.2% in October. The core gauge is seen by economists as a more accurate reflection of true inflation than the headline CPI.
#inflation #us #businessnews
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