Inflation in the US Exceeded September Figures.
Inflation in the US reached 2.6% in October. The Federal Reserve is considering a cut in interest rates, reports the Financial Times.
This figure matches economists' forecasts, who expected an increase of 2.6% and an exceedance of the September level, which was 2.4%, reports Economic Truth.
Excluding volatility in food and energy prices, the 'core' inflation index remained at 3.3% compared to last year.
The Federal Reserve has already lowered the base rate by 0.75% over the past two meetings to a new target range of 4.5-4.75%.
Fed officials aim to achieve a 'neutral' rate that would curb inflation without slowing demand to ensure a 'soft landing' and avoid a recession.
According to reports, inflation has noticeably decreased from a peak of over 9% in 2022, but recently, the rate of growth has slowed down.
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