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Today’s Lead Story
Friday, November 13

Inflation

October Inflation Tops Forecasts at 0.4%, Putting December Rate Hike Back on the Table

via Fox 17 News

October's Consumer Price Index rose 0.4% month over month, coming in above the 0.3% forecast from Wall Street economists. The hotter-than-expected reading rattled bond markets and pushed the probability of a December Fed rate hike to roughly 85%, according to CME FedWatch data.

Why it matters

Persistent inflation keeps borrowing costs elevated across mortgages, credit cards, and auto loans, stretching household budgets heading into the holiday season.

For educational purposes only. Not financial, investment, tax, or legal advice. Always do your own research or speak with a qualified professional.

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