US core CPI rose 0.3% mom in October for a third consecutive month, exceeding expectations of 0.2% and underscoring persistent underlying inflation pressures. Headline CPI moderated from 0.6% mom to 0.4%, but also exceeded the 0.3% consensus. The divergence reflects a sharp slowdown in energy inflation that helped contain the overall index, while price pressures […]
The post US Core CPI Stays at 0.3% for Third Month, Defying Expectations as Headline Inflation Cools appeared first on ActionForex.
