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US Inflation Remains Above Expectations, Fueling Bets on December Rate Hike

todayNovember 10, 2026

Background

US inflation rose 0.4 percent in October, above market expectations of 0.3 percent, while core inflation increased by 0.3 percent, also exceeding forecasts. According to Yahoo Finance, the overall increase was slightly slower than September’s 0.6 percent rise, but underlying price pressures remain elevated. The annual inflation rate for October was unavailable due to last year’s government shutdown, which prevented prices from being measured in October 2025. September’s annual inflation rate stood at 3.7 percent. Federal Reserve Governor Chris Waller has indicated support for a December rate hike, warning that a larger 0.5 percentage-point increase may be necessary if inflation remains high. He said a smaller increase could undermine the Federal Reserve’s credibility if price pressures continue. Waller’s comments came ahead of the latest inflation figures, which came in higher than expected. Investors are now pricing in an almost certain interest rate hike next month, with markets closely watching the Fed’s next move.

The post US Inflation Remains Above Expectations, Fueling Bets on December Rate Hike appeared first on Future Media News.

Written by: Madeline

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