Inflation ticks up a little however remains constant with Wall Street’s expectations
In This StoryInflation accelerated somewhat in October, however fell in line with expectations on the heels of the Federal Reserve's 2nd successive rate of interest cut.Recommended ReadingHow AI is assisting marketers determine precisely what we desireRecommended ReadingThe customer rate index, a step of the typical modification in costs for durable goods and services, grew 2.6% on a yearly basis last month, the Bureau of Labor Statistics stated Wednesday. That followed Wall Street expectations, according to price quotes assembled by FactSet (FDS +1.19%).October's reading was up from a 2.4% yearly rate in September. Rates grew at a rate of 0.2% from a month prior, likewise in line with agreement expectations and the very same boost as in the previous 3 months.Over half of the rate boosts ...