October Inflation Rate Rises To 2.6% As Expected: December Interest Rate Cut Remains Uncertain

After six consecutive months of easing, the annual inflation rate, as measured by the Consumer Price Index (CPI), reversed course in October, climbing to 2.6% as expected.

This outcome casts doubt on the disinflationary trend that consumers and policymakers had hoped would persist, underscoring the challenging path ahead for the Federal Reserve’s 2% inflation target.