Elevated Inflation Keeps Pressure on Fed to Raise Rates

Summary
October’s Consumer Price Index report showed a broadening of price pressures that has stoked concerns about the Federal Reserve’s grip on inflation. U.S. Covered by 5 outlets: 3 lean left, 1 are centre, 1 lean right.
Automated summary picked from the outlets' own descriptions.
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Elevated Inflation Keeps Pressure on Fed to Raise Rates
October’s Consumer Price Index report showed a broadening of price pressures that has stoked concerns about the Federal Reserve’s grip on inflation.
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U.S. consumer prices rose at a higher rate than expected in October, according to the October Consumer Price Index (CPI) report. CBS News' Kelly O'Grady explains more.
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Consumer prices rose 0.4% in October and core prices rose 0.3%, ahead of the Federal Reserve's Dec. 8-9 meeting
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Consumer prices rose 0.4% in October, more than expected, complicating Fed's inflation fight
The report comes at a critical juncture for the Federal Reserve as it considers its next move regarding interest rates.
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Inflation rose 0.4% in October, gov't says, as Fed weighs rate increase
Consumer prices rose modestly but higher than expected in October, the government said Tuesday in its first inflation report following midterm elections that hinged on affordability.








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