October Inflation Eases

U.S. consumer prices rose 0.4% in October, down from 0.6% in September but above forecasts, the Labor Department said Nov. 10. The department did not report annual inflation or year-over-year price changes because a federal shutdown had suspended data collection in October last year. Forecasters said the slowdown may not prevent higher borrowing costs as the Federal Reserve considers another rate hike in December.

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