{"id":174084,"date":"2024-11-13T13:56:40","date_gmt":"2024-11-13T13:56:40","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/11\/13\/inflation-progress-stalls-in-us-in-october\/"},"modified":"2024-11-13T13:56:41","modified_gmt":"2024-11-13T13:56:41","slug":"inflation-progress-stalls-in-us-in-october","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/11\/13\/inflation-progress-stalls-in-us-in-october\/","title":{"rendered":"Inflation progress stalls in US in October"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/i2.wp.com\/ichef.bbci.co.uk\/news\/1024\/branded_news\/4c38\/live\/f17bb3e0-a1c5-11ef-b495-11e11f1a3d98.jpg?fit=1024,576&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Inflation progress stalls in US in October\" title=\"Inflation progress stalls in US in October\" \/><\/div><p> <br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Price increases in the US picked up last month, as progress toward stabilising prices appeared to stall.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Consumer prices rose 2.6% over the 12 months to October, the Labor Department said. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">That marked a slight uptick from 2.4% the month before, as housing and food costs marched higher. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The latest figures added to speculation that the US central bank might not lower rates as much as had been expected in the months ahead. <!-- --><\/p>\n<\/div>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The Federal Reserve wants to see inflation, the rate at which prices rise, fall back to about 2%. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">It started cutting interest rates in September, noting the significant improvement since June 2022, when prices were surging at a rate of more than 9%. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">But analysts are warning of new risks, as President-elect Donald Trump promises a mix of tax cuts, tariffs and migrant deportations that some say are likely to keep pressure mounting on businesses and consumers.<!-- --><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/cy4g7gzw39lo\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Price increases in the US picked up last month, as progress toward stabilising prices appeared to stall. Consumer prices rose 2.6% over the 12 months to October, the Labor Department said. That marked a slight uptick from 2.4% the month before, as housing and food costs marched higher. The latest figures added to speculation that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":174085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/4c38\/live\/f17bb3e0-a1c5-11ef-b495-11e11f1a3d98.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[2955,7643,847,8862],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/174084"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=174084"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/174084\/revisions"}],"predecessor-version":[{"id":174086,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/174084\/revisions\/174086"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/174085"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=174084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=174084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=174084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}