US October CPI Exceeds Expectations, Fueling Rate Hike Concerns

The Consumer Price Index for October 2026 rose 0.4% month-over-month, higher than the 0.3% economists expected, while core CPI increased 0.3% against an anticipated 0.2% gain. This hotter-than-expected inflation data has led to market speculation about further interest rate hikes by the Federal Reserve, potentially as early as December.