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2026-11-10T00:00:00.000Z

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Inflation Up, Hike Nears

Inflation Up, Hike Nears

Analysts expect the U.S. Consumer Price Index to rise 0.3% in October, down from 0.6% in September, with falling gasoline prices contributing to the slower increase. Their estimates put annual inflation at 3.9%, while core inflation is expected to rise 0.2% month over month and 2.7% year over year. The official year-over-year reading for October will not be released because the government shutdown left data for October of last year unavailable. Inflation remains above the Federal Reserve’s 2% target. Forecasts suggest that persistently high inflation supports a rate hike in December, and markets have priced in roughly an 85% chance of such a move.

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