US Inflation Rises to 2.6% in October 2024
After months of easing, the US Consumer Price Index (CPI) has shown that inflation rose to 2.6% in October 2024. Indeed, the figure is up from September’s 2.4% and shows a rising inflation figure for the United States for the first time in seven months. The Federal Reserve had issued its second consecutive interest rate cut in response to the falling inflation. Although it had yet to reach the 2% target, the progress was optimistic, with the figure cooling steadily for more than two years. Now, all eyes are on how the Fed will respond and what the markets can expect for the next several months. https://twitter.com/WatcherGuru/status/1856691010392203358 Also Read: US Inflation Falls to 2.4% in September 2024 US Inflation Reverses, Rises to 2.6% After 7 Months of Cooling For the United States, the ongoing inflation fight has been among its most important battles. Since consumer inflation reached a 40-year high of 9.1% in 2022, the fragility of the country’s economy has been un...