The post The US inflation rate fell slightly below expectations in October! appeared first on Coinpedia Fintech News

The US released its unadjusted CPI annual rate for October, which was 3.2%—slightly below expectations of 3.3% and lower than the previous 3.7%. The core CPI, excluding volatile food and energy prices, stood at 4%, in line with the previous value but below expectations of 4.1%. This indicates a slight easing of inflationary pressures, offering some respite to concerns about runaway inflation. While the figures suggest a moderation in price growth, the Federal Reserve will continue to closely monitor the data as it navigates the challenge of maintaining economic recovery while ensuring price stability.