Inflation Report Leaves Fed on Track for 0.5-Point Rate Rise in December

Inflation eased last month to the slowest pace since January but remained high, which could keep Federal Reserve officials on track to start slowing the pace of interest-rate rises aimed at taming price pressures.

The Labor Department on Thursday said that its consumer-price index increased 7.7% in October from the same month a year ago, down from 8.2% in September and June’s 9.1% rate, which was the highest in four decades. 


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