Category: Finance

US Inflation Cools in October, but Fed Likely to Keep Raising Rates

US inflation slowed in October, but remained high, putting pressure on the Federal Reserve to continue raising interest rates. The Consumer Price Index (CPI), which measures the prices of a basket of goods and services, rose 7.7% in October from a year ago. This was down from 8.2% in September, but still well above the… Read more »