Inflation Remains Stable, Easing Pressure on Fed Rate Hikes

1 min read
Source: The Wall Street Journal
Inflation Remains Stable, Easing Pressure on Fed Rate Hikes
Photo: The Wall Street Journal
TL;DR Summary

Inflation in the US continued to slow down in October, with consumer prices remaining flat and rising at a slower pace compared to September. This is likely to put an end to the Federal Reserve's series of interest rate hikes. The decline in gasoline prices contributed to the overall slowdown in inflation.

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