When the Federal Reserve lowered its benchmark interest rate by half a percentage point in September, it wasn't a particularly surprising move. At that point, the Fed was expected to make its first rate cut of the year in response to cooling inflation.

U.S. inflation ticked higher in October, but stable core price pressures and tame month-on-month gains prompted a sigh of relief on Wall Street and likely supported bets for an end-of-year interest rate cut from the Federal Reserve.

Its annual rate rose to 4.9 per cent in October from 4.8 per cent a month earlier The October CPI data will not preclude a further quarter-point cut in December. Core inflation remained steady, and the Federal Reserve expects shelter inflation — the dominant constituent of CPI — to come down in the coming months given leading indicators of rent price increases have subsided.

Forecasters had expected lingering inflation in October. How will the new numbers affect the next Federal Reserve decision on interest rates?

A rapid slowdown in the rate of U.S. inflation appears to have lost steam, potentially raising questions about how aggressively the Federal Reserve will cut interest rates early next year.

Interest-rate jitters are weighing on markets, but a Fed official thinks inflation seems control. Here's what happens next.

The consumer price index may show core inflation coming in on the high side again. That could slow Federal Reserve rate cuts and the S&P 500 Trump election rally.

The S&P 500 opened slightly higher on Wednesday, but tilted lower soon. Treasury yields fell but were off lows as investors gauged the implications for Fed policy and the Trump el