December 23, 2024

Inflation rate climbs for the first time since the summer. Fed weighs how much to cut rates.

 Inflation rate climbs for the first  time since the summer. Fed weighs how much to cut rates.

Inflation rate climbs for the first time since the summer. Fed weighs how much to cut rates.

The rate of inflation rose in October and moved further away from the Federal Reserve’s 2% goal, confirming a recent uptick in prices that could cajole the central bank to cut interest rates less aggressively.