US Inflation Slightly Below Estimates

US Inflation Slightly Below Estimates
Customers pump gasoline into their cars at a gas station in the Bronx, New York, on June 1, 2018. DON EMMERT/AFP/Getty Images
Emel Akan
Updated:

WASHINGTON—Consumer prices rose in October slightly below consensus estimates, potentially easing some worries that higher inflation could lead the Federal Reserve to take a much more hawkish stance on interest rates.

The core Consumer Price Index advanced 0.19 percent on a monthly basis last month, according to the Bureau of Labor Statistics. The consensus estimate was a monthly reading of 0.20 percent or higher, according to a Citi report.
Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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