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Fed officials signal more rate increases after hotter-than-expected October inflation

Several Federal Reserve policymakers said on 10 November that further interest-rate increases are needed, after official data showed US consumer prices rose 0.4% in October. Traders are pricing a December hike.

Business

3 min read

Compiled by the Comlumen Desk from the reporting and official sources listed at the end of this story, and written with AI assistance. It contains no original reporting by Comlumen. How we report

Exterior of the Eccles Building, the Federal Reserve Board's headquarters in Washington
The Marriner S. Eccles Federal Reserve Board Building in Washington, photographed in March 2011. Federal Reserve / Wikimedia Commons, public domain

In this story
  1. The October figures
  2. What Fed officials said
  3. Where rates stand
  4. How this story was sourced

Several Federal Reserve officials said on Tuesday 10 November that further interest-rate increases will be needed, and one governor said a half-point rise should be considered in December, after US consumer prices rose more than forecast in October.

How this story was sourced.

4 sources from 3 organisations, 1 of them official or primary documents.

The sources as the story lists them
Comlumen Desk Compiled stories
Stories under the Comlumen Desk byline are compiled from reporting by other news organisations and from official sources, and written with AI assistance. They contain no original reporting by Comlumen. Every source is listed and linked at the end of each story, and facts are attributed in the text to the organisation that reported them. How we report.