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US inflation hotter than expected in October
Headline CPI rose 0.4% (forecast 0.3%); core CPI rose 0.3% (forecast 0.2%).
Food prices jumped 0.5%, energy rose 0.7%, gasoline climbed 1.0%.
Housing costs increased 0.3%; real earnings for private-sector workers unchanged.
Hotter than expected report strengthens case for further Fed rate hikes.
#fedrate #nasdaq #StockMarket #gold #inflation
US inflation hotter than expected in October
Headline CPI rose 0.4% (forecast 0.3%); core CPI rose 0.3% (forecast 0.2%).
Food prices jumped 0.5%, energy rose 0.7%, gasoline climbed 1.0%.
Housing costs increased 0.3%; real earnings for private-sector workers unchanged.
Hotter than expected report strengthens case for further Fed rate hikes.
#fedrate #nasdaq #StockMarket #gold #inflation