The US core Consumer Price Index, which excludes volatile food and energy prices, rose 0.3% in October, compared with the 0.2% expected. The increase matched the previous month’s reading, indicating persistent inflationary pressures and potentially complicating the Federal Reserve’s management of interest rates. Markets are pricing in a reduced likelihood of annual inflation remaining at or below 3.2%, while the Bureau of Labor Statistics is expected to release further details. Statements from Jerome Powell and Christopher J. Waller, along with developments in Treasury market pricing, may influence expectations for inflation and interest rates.
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