The US inflation rate fell slightly below expectations in October!

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Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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The US released its unadjusted CPI annual rate for October, which was 3.2%—slightly below expectations of 3.3% and lower than the previous 3.7%. The core CPI, excluding volatile food and energy prices, stood at 4%, in line with the previous value but below expectations of 4.1%. This indicates a slight easing of inflationary pressures, offering some respite to concerns about runaway inflation. While the figures suggest a moderation in price growth, the Federal Reserve will continue to closely monitor the data as it navigates the challenge of maintaining economic recovery while ensuring price stability.

Source: https://coinpedia.org/crypto-live-news/the-us-inflation-rate-fell-slightly-below-expectations-in-october/