Summary:
US inflation dipped to 3.2% in October, marking the first four-month decline, driven by a drop in fuel prices and slightly below the anticipated 3.3%.
US CPI
12/12/2023 November
Previous: 3.2% | Forecast: 3.1%
US inflation fell to 3.2% in October, the first declinein four months, as fuel prices dropped. The figure was also marginally below expectations of 3.3%.
Meanwhile, core inflation dipped from 4.1% to 4 % on a year-on-year basis, and rose 0.2% month on month. Some big US companies have reported seeing encouraging signs on price pressures
Some suspect that the slowdown in inflation could stall given stronger than expected growth so far this year, but Powell said last month the chance of a soft landing had slimmed with higher-for-longer interest rates.
Inflation hit its highest since June last year, with the consumer price index up 3% YoY in January. Energy and food costs continued to rise.
2025-03-12
The dollar neared a five-month low as Trump's trade policies kept US economic concerns high. The loonie remained volatile.
2025-03-12
US stock indexes fell Monday, with Nasdaq 100 down 3.8%, as concerns rise that Trump's tariffs could lead to a global recession.
2025-03-11
