From CNN Brasil · Lucia Mutikani · · 40s
US Consumer Prices Rise More Than Expected in October
US consumer prices rose more than expected in October, pushing the Federal Reserve toward a rate hike next month.
In brief
US consumer prices rose more than expected in October, pushing the Federal Reserve toward a rate hike next month. US consumer prices rose 0.4% in October, exceeding economists' 0.3% forecast, as oil prices and Trump-era tariffs boosted inflation. Originally reported by CNN Brasil.
October Consumer Prices
US consumer prices rose 0.4% in October, exceeding economists' 0.3% forecast.
Inflation Drivers
The US-Israel-Iran war and Trump-era tariffs boosted oil prices, raising living costs.
Federal Reserve Response
Markets already priced in a 25 basis point rate hike next month as the Fed kept rates at 3.75% to 4.00%.
What matters most
US consumer prices rose 0.4% in October, exceeding economists' 0.3% forecast, as oil prices and Trump-era tariffs boosted inflation.
