US consumer inflation eased in October, posting a softer-than-expected increase and spurring fresh expectations that pricing pressure has peaked. Even if that’s true, inflation still looks set to remain high and the Federal Reserve remains on track to continue raising interest rates, perhaps at a slower pace than recently forecast. But in the wake of yesterday’s report, there’s a new reason to think that the inflation surge has crested.
Daily Archives: November 11, 2022
Macro Briefing: 11 November 2022
* US Senate control still unclear as GOP edges toward retaking House
* Russia retreats from key city in southern Ukraine
* Softer US inflation report for October eases Covid measures as new cases surge
* US mortgage rates rebound above 7%
* Another warning for US housing from the largest home builder
* UK economy fell 0.2% in Q3, hinting at start of recession
* US jobless claims edge higher but remain near lowest in decades
* US consumer inflation slows more than forecast in October:
