U.S. Inflation Exceeds Forecasts in October

The U.S. Consumer Price Index (CPI) rose 0.4% in October 2026, surpassing the 0.3% economist forecast, with core CPI also exceeding predictions at 0.3%. Key drivers included shelter, food, and energy costs. This data has led to lower US index futures, a stronger dollar, and higher Treasury yields, strengthening arguments for a potential Federal Reserve interest rate hike in December.