Rising Inflation and Jobless Claims Underscore Fed’s Policy Challenge as Markets Eye Rate Cuts
Data released on Thursday highlighted the mounting challenges facing the Federal Reserve in its ongoing battle against inflation. U.S. core inflation, which excludes volatile food and energy prices, rose more than expected in September, signaling a stalling in the Fed’s efforts to bring inflation back to its 2% target. The stronger-than-anticipated rise in underlying inflation underscores […]