The National · 10 Nov 2026
Hot US inflation report seals Federal Reserve rate increase
A hotter-than-expected inflation report has put new pressure on the Federal Reserve to raise interest rates at its December meeting, and a top policymaker said he expects the Iran war to have a lingering effect on energy costs. US government data on Tuesday showed Consumer Price Index inflation accelerated at a 0.4 per cent monthly pace in October, slower than its 0.6 pace in September but still above estimates.
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