US INFLATION COMES IN HOTTER THAN EXPECTED IN OCTOBERUS headline CPI rose 0.4% in October, above the 0.3% forecast, whil | HanamiUS INFLATION COMES IN HOTTER THAN EXPECTED IN OCTOBER
US headline CPI rose 0.4% in October, above the 0.3% forecast, while core CPI increased 0.3% versus 0.2% expected.
Food prices jumped 0.5%, energy rose 0.7%, and gasoline climbed 1.0%.
Housing costs increased 0.3%, while real earnings for private-sector workers were unchanged.
The hotter-than-expected inflation report strengthens the case for further Fed rate hikes.
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