A post by @BLS_gov on X.

US consumer prices rose 0.4% in October, with shelter costs driving the increase, according to Bureau of Labor Statistics data released Wednesday. The monthly gain in the all-items CPI keeps inflation above the Federal Reserve's 2% target on an annualized basis and reinforces expectations that policymakers will hold interest rates steady rather than cut. Shelter remains the stickiest component of the index, and its persistence complicates the disinflation narrative that has supported risk assets, including crypto, in recent months. Traders will watch the year-over-year headline and core readings, due alongside the monthly figure, for confirmation of whether shelter costs are finally cooling.