Inflation Makes a Comeback: Does This Put December's Rate Cut in Jeopardy?
Core prices, which exclude volatile items like food and energy, increased 0.3% month over month in October, the same as August and September. Housing remains the biggest contributor to rising prices, accounting for half of the increase as the shelter index rose 0.4% month over month.
Traders bet on Fed December rate cut after inflation data
Traders of contracts that settle to the Federal Reserve's policy rate moved Wednesday to price in a firmer chance of another quarter-point interest-rate cut at the central bank's meeting next month, after a government report showed consumer inflation rose in October in line with economist expectations.
US CPI ticks back up, but will not stop another Fed cut in December
The main driver of CPI continues to be shelter, which comprises more than a third of the overall inflation basket. Shelter inflation ticked back up to 4.9 per cent in October from 4.8 per cent in September. The Fed is not worried about elevated shelter inflation going forward, nor should it be.
Fed’s Kashkari Says Only Inflation Could Derail December Cut
Federal Reserve Bank of Minneapolis President Neel Kashkari said he’ll be looking at incoming inflation data to determine whether another interest-rate cut is appropriate at the US central bank’s December meeting.
Fed's Kashkari says, post CPI, that inflation is headed in right direction
Minneapolis Fed President Neel Kashkari, reacting to the October CPI data, said that he thought inflation is headed in the right direction. In an interview with Bloomberg Television, Kashkari said he hadn't had time to look at the components,
Fed may pause in December if inflation surprises higher, Kashkari says
An interest-rate cut in December may not happen if inflation surprises to the upside, Minneapolis Federal Reserve President Neel Kashkari said on Tuesday.
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