US inflation rose by 0.4% in October
The US consumer price index recorded a monthly increase higher than forecasts, fueling concerns that the Federal Reserve may tighten interest rate policy.
The consumer price index in the United States rose by 0.4% in October, a figure higher than market estimates which expected a 0.3% increase, according to reports by the Washington Post and CNBC. Although this marks a slowdown compared to the 0.6% rise recorded in September, prices remain high. According to the Conference Board and FXEmpire, the disappointing figures strengthen expectations that the U.S. Federal Reserve may tighten its monetary policy in the near term. Following the report, declines were recorded in the markets, with Wall Street reporting a negative trend in major indices. Further details regarding the long-term impact on interest rates have not yet been released.
Sources: FXEmpire, The Conference Board, Eye On Housing, The Washington Post, ynet — כלכלה, Le Devoir
Generated automatically by the Tevel desk and labelled as such.