Consumer price inflation increased by 0.4% month-on-month (m/m) in October, matching the gain in September. On a year-over-year (y/y) basis, headline inflation edged lower by 0.5 percentage points (pp) from September, slowing to 7.7%. Energy prices increased by 1.8% m/m, as gasoline prices were higher by 4.0% m/m, while energy services declined by 1.2% m/m. […]
The post US: Inflation Surprises to the Downside in October, Fed Likely to Start Slowing Pace of Rate Hikes appeared first on Action Forex.
