Will the rise in inflation in October slow the pace of rate cuts?
Housing costs remain an important inflation factor. (iStock) Inflation rose to 2.6% in October, a modest increase from the previous month, according to the Consumer Price Index (CPI) published by the Bureau of Labor Statistics (BLS). In October, inflation was above September’s annual inflation rate of 2.4% and rose 0.2% month over month, according to…