Consumer prices continue to hover near a record-high, keeping pressure on the Fed

Inflation continued to run near a multi-decade high in October as persistent prices squeezed millions of U.S. households and small businesses.

The Labor Department said Thursday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in October from the previous month. Prices climbed 7.7% on an annual basis.

Source: Fox Business

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