U.S. inflation cools, but remains above the Federal Reserve's target

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U.S. inflation cools, but remains above the Federal Reserve's target

The U.S. Consumer Price Index (CPI) rose 0.4% in October, down from 0.6% in September. The core CPI, which excludes food and energy prices, rose 0.2%, down from 0.3% in September.

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The U.S. inflation rate slowed in October, but it still remains above the Federal Reserve's target of 2%. The Consumer Price Index (CPI) rose 0.4% last month, down from 0.6% in September. The core CPI, which excludes food and energy prices, rose 0.2%, down from 0.3% in September.

The slowdown in inflation is a welcome sign for the U.S. economy, but it is still too early to say whether it will be sustained. The Federal Reserve has been raising interest rates in an effort to cool the economy and bring inflation down. However, higher interest rates could also lead to a recession.




The Federal Reserve is expected to continue raising interest rates at its next meeting in December. The central bank has signaled that it will be more aggressive in its rate hikes if inflation does not show signs of moderating.

The slowdown in inflation is a positive development, but it is still important to monitor the situation closely. The Federal Reserve has a delicate balancing act to perform: It needs to cool the economy without triggering a recession.



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