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Bank of America raises Fed interest rate warning after October CPI surprise
Bank of America raises Federal Reserve interest rate warnings following an October Consumer Price Index surprise.
3 trends tracked about this subject — the full history, oldest to newest below.
Bank of America raises Federal Reserve interest rate warnings following an October Consumer Price Index surprise.
Chicago Fed President Austan Goolsbee called the October CPI report “borderline disturbing,” pushing a half-point rate hike firmly onto the table as inflation pressures spread into services.
October inflation data landed hotter than expected, easing price pressure without reversing the higher cost of living.