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The Consumer Price Index rose 0.2% in October, bringing the annual rate to 2.6%. The data is in line with Wall Street expectations, according to the Bureau of Labor Statistics. Core CPI, excluding food and energy, increased 0.3% monthly and 3.3% year-over-year, aligning with forecasts. Stock futures gained, while Treasury yields declined post-report. The October inflation readings may challenge the Federal Reserve’s goal of 2% and complicate future policy, especially with a new administration soon taking office. Although a December rate cut seems likely, market speculation suggests the Fed may reduce the frequency of cuts in 2025.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The consumer price index rose 0.2% in October, bringing the annual rate to 2.6%.
00:08The data is in line with Wall Street expectations, according to the Bureau of Labor Statistics.
00:13Core CPI, including food and energy, increased 0.3% monthly and 3.3% year-over-year, aligning
00:20with forecasts.
00:22Stock futures gained, while treasury yields declined post-report.
00:25The October inflation readings may challenge the Federal Reserve's goal of 2% and complicate
00:31future policy, especially with the new administration soon taking office.
00:36Although a December rate cut seems likely, market speculation suggests the Fed may reduce
00:41the frequency of cuts in 2025.

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