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Hotter-than-expected inflation raises chances of Fed rate hike
Inflation rose at a monthly pace of 0.4%, hotter than economists had forecast and raising expectations that the Federal Reserve will increase interest rates in December.
What's new
- New headline Was: “U.S. consumer prices rose 0.4% in October, BLS says”
- Our desk updated its story
- ABC News is now reporting this
- CBS News is now reporting this
- Now breaking news
3 earlier updates
- ABC7 Chicago, ABC11 and 3 more are now reporting this
- New headline Was: “Consumer prices rose 0.4% in October, more than expected”
- Our desk filed its story
