Fuel, Housing Costs Boosted October's Inflation. Here's What It Means for the Fed's Stance on Interest Rates - NewsBreak

The consumer price index jumped by 6.2% in October, above the 5.9% expected by economists. CPI was boosted by a broader group of price increases, suggesting to some economists that there is a risk inflation becomes more persistent. The market is now anticipating the Federal Reserve could raise rates...