US Inflation Slows More Than Forecast, Gives Fed Downshift Room.
CPI increased 7.7% in October from year ago, core up 6.3%
Core prices eased as used cars, medical care and apparel fell.
after, The Federal Reserve, in a well-telegraphed move, raised its short-term borrowing rate by 0.75 percentage point to a target range of 3.75%-4%, the highest level since January 2008.
CPI increased 7.7% in October from year ago, core up 6.3%
Core prices eased as used cars, medical care and apparel fell.
after, The Federal Reserve, in a well-telegraphed move, raised its short-term borrowing rate by 0.75 percentage point to a target range of 3.75%-4%, the highest level since January 2008.