Inflation Climbed 7.7% In October: Slowest Pace Since January But High Food, Rent Prices Remain ‘Problematic’

Inflation Climbed 7.7% In October: Slowest Pace Since January But High Food, Rent Prices Remain ‘Problematic’

One economist calls the report “welcome news” but warns the Fed will continue to tightening monetary policy “until it is clear inflation is in a persistent downtrend.” This one reading won’t cut it.