Federated Hermes

1 story

Markets4 days ago

US Consumer Prices Jump 0.4% in October, Fueling Fed Rate Hike Fears

Consumer prices rose faster than expected in October, lifting core inflation by 0.3% and increasing expectations of higher Federal Reserve interest rates.

2 min read

Words to know

benchmark interest rateA core interest rate set by a central bank that guides borrowing costs across the economy.consumer price indexA measure that tracks changes over time in the prices paid by consumers for a basket of goods and services.core inflationA measure of inflation that leaves out volatile items like food and energy.Interest rateThe cost of borrowing money, as a yearly percentage.hyperscalerA massive technology provider that operates huge data centers to support large-scale computing needs.BenchmarkA standard test used to compare AI models or chips.