By Alicia Wallace, CNN (CNN) — The Federal Reserve’s favored inflation gauge just moved in the wrong direction. It comes as President-elect Donald Trump promises massive tariffs that could push the cost of living even higher. The Personal Consumption Expenditures price index rose 2.3% in October from the year before, accelerating from the 2.1% pace notched in September, according to Commerce Department data released Wednesday. The process of reining in high inflation was expected to be bumpy, and the latest reading may be just that. However, some persistent price pressures (for significant expenses like rents and mortgages) are keeping inflation from stabilizing at the central bank’s
Hence then, the article about soft landing not so fast inflation heated back up in october was published today ( ) and is available onNews channel ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Soft landing? Not so fast: Inflation heated back up in October )