Inflation surges, PCE shows. Fed pause on rate hikes unlikely to last long with prices still rising.

Reported by MarketWatch · Published 29 Oct 2026, 8:36 PM MYT (1 hr ago)

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Even though the Federal Reserve temporarily put its inflation fight on hold this week, the cost of living rose sharply again last month in a sign the central bank’s work is far from done.

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Inflation surges, PCE shows. Fed pause on rate hikes unlikely to last long with prices still rising.

Summary

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