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CPI sets the stage for more of the same from the Fed in December

Author: Content Editor
In October, the Consumer Price Index (CPI) increased by 0.2%, resulting in an annual inflation rate of 2.6%. The Core CPI, which excludes volatile food and energy prices, rose by 0.3% over the month and 3.3% annually. This aligns with analyst estimates and suggests that the Federal Reserve will continue its easing path for the rest of the year. The odds of a second 25-basis point interest rate cut in December have increased to 82% from 58% the previous day. The focus now shifts to 2025 and how President-elect Donald Trump's economic plans may complicate the central bank's mission. Fed Chair Jerome Powell is scheduled to speak at the Fed Bank of Dallas, which may provide further insight into economic policy.

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