Fed Inflation Target Achievable: After having declined for the previous 2 months, the US Consumer Price Index rose 0.2% in October. The 0.2% increase implies that factors such as a strong USD and lower oil prices contributing to cheaper gas prices at the pump for US drivers are no longer holding inflation down like they have been. Stubbornly low inflation has been a big sticking point for the Fed moving forward and this print now makes the Fed’s consistent 2% inflation target highly
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