United StatesCore consumer prices rose 0.3% in October.
At that pace, annual core inflation in the US tops 4%, double the Fed’s 2% target.
Dallas Fed President Lorie Logan wants at least 2 more quarter-point hikes, possibly faster than this fall’s pace.
Governor Christopher Waller said a 0.3% core reading would justify considering a half-point hike.
The Federal Reserve’s next rate decision comes on 9 December.
How each outlet framed it
drawn from 350+ reports worldwide
- Reuters
- argues for two more hikes on the grounds that broadening price pressure risks getting baked in, and says excess inflation is 'unacceptable'
- Bloomberg Business
- ITV Hub leans critical
- ties the inflation print to market pain, with stocks down and a Waller hint at a double-sized hike if core rose 0.3%
Sources: Bloomberg Business, Reuters, ITV Hub