Inflation Rose In Oct., Raising Concerns For Fed Rate Cuts

Rate will move lower long as we keep making progress toward 2% inflation, says Fed's Austan Goolsbee
Rate will move lower long as we keep making progress toward 2% inflation, says Fed's Austan Goolsbee Austan Goolsbee, Chicago Fed president, joins CNBC's 'Squawk Box' to discuss macro outlooks. The men were found not guilty on murder charges, but convicted of assault, gang and gun charges.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed's officials want to see where it heads next.
Inflation Rose in October, Raising Concerns for Fed Rate Cuts
October's annual inflation rate ticked up for the first time in seven months, after more than two years of gradual cooling.
U.S. inflation rose 2.6% in October, a month after the Federal Reserve began cutting rates
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
Are the Fed's Rate Cuts Over Now That Inflation Is Rising Again?
October's Consumer Price Index (CPI), which measures changes in the cost of consumer goods and services, showed that annual inflation rose by 2.6%. That's not an alarmingly high rate of inflation. It's also only a modest uptick from September's CPI reading, which measured annual inflation at 2.4%.
Wall Street edges higher after inflation data keeps Fed rate-cut hopes intact
The consumer price index rose 0.2% in October for the fourth straight month, and advanced 2.6% on an annual basis.
Inflation Stays Firm, but Not Enough to Derail December Fed Cut
The Labor Department on Wednesday reported that consumer prices in October rose 2.6% from a year earlier. That marks a pickup in the pace of inflation from September, when prices were up 2.4% on the year.
Inflation rises 2.6% in October after Fed starts interest rate cuts
U.S. inflation rose 2.6% on an annual basis in October, matching forecasts from economists, but signaling a bumpy road ahead in the Federal Reserve's battle to tame inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Inflation rises in October; Fed rate cut still expected
The report from the Labor Department on Wednesday was in line with economists' forecasts, and did not change expectations that the U.S. central bank would deliver a third rate cut in December. Lisa Bernhard has more.
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Inflation Ends Cooling Streak. What It Means for the Fed.
October inflation was in line with expectations, but ended the streak of cooler readings that helped provide Federal Reserve ...