A post by @NickTimiraos on X.
Core CPI prints at 0.296% in October, the third straight month of a 0.3%. The 3-month annualized rate was 3.75%, up from 1.6% in July.
@NickTimiraos on X
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Core CPI rose 0.296% in October, marking the third consecutive month of roughly 0.3% monthly gains, according to Nick Timiraos. The three-month annualized core rate climbed to 3.75% from 1.6% in July, signaling a sharp reacceleration in underlying inflation. The string of firm prints underscores stalled disinflation progress and complicates the Federal Reserve's easing path. Markets will watch upcoming inflation and labor data for signs of whether the pickup persists.
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Named in this story
Core CPI, Nick Timiraos