Rising Concerns: Is US Inflation Increasing?

US inflation is expected to rise slightly, with October's consumer price index anticipated to grow by 2.6% year-on-year, up from 2.4% in September. Core inflation is expected to remain steady at 3.3%. The Federal Reserve recently cut interest rates by 0.25 percentage points, with further cuts anticipated, though the potential inflationary impact of President-elect Trump's policies could limit future rate reductions. Meanwhile, the euro is under pressure against the dollar, with some analysts predicting it could reach parity due to Trump's fiscal policies and weaker Eurozone data.