US inflation ticked up to 2.6% in October, potentially influencing Fed interest rate decisions. US inflation ticked up to 2.6% in October, potentially influencing Fed interest rate decisions.

US inflation may have increased in October for the first time in seven months, with consumer prices rising 2.6% from a year ago, up from 2.4% in September. US inflation may have increased in October for the first time in seven months, with consumer prices rising 2.6% from a year ago, up from 2.4% in September. یہ ہلکی سی اضافہ شرح سود پر فیڈرل ریزرو کے فیصلے پر اثر انداز ہوسکتا ہے۔ This slight uptick could affect the Federal Reserve's decision on interest rates. یہ اضافہ ہونے کے باوجود، اکثر معیشت دان پیش گوئی کرتے ہیں کہ مہنگائی میں کمی جاری رہے گی، حالانکہ مجموعی اخراجات تین سال پہلے کے مقابلے میں تقریباً 20 فیصد زیادہ ہیں۔ Despite this rise, most economists predict that inflation will continue to decline, though overall costs remain about 20% higher than three years ago.

November 13, 2024

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