US CPI Inflation Rise Tests Global Markets As Fuel Costs Ease

RecentNews.uk

US consumer prices rose 0.4% in October, exceeding the expected 0.3% increase.

Core CPI, excluding food and energy, climbed 0.3% against forecasts of a 0.2% gain.

Energy and shelter costs drove the monthly increase, with gasoline and grocery prices ticking higher.

Financial markets responded with lower stock futures and rising Treasury yields as traders priced in a potential rate hike.

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