Search
 
News

U.S. Inflation Showing Signs of Relief

However, there’s still a long way to go before high inflation becomes history.

By Reade Pickert & Augusta Saraiva | November 10, 2022 at 10:46 AM
Photo: Customers shop for produce at the Eastern Market in Detroit. Customers shop for produce at the Eastern Market in Detroit.

A cooling in U.S. consumer prices offered cheer to households, investors, and Federal Reserve officials, but there’s still a long way before high inflation becomes history.

At 7.7 percent, October’s year-over-year inflation rate was the slowest since January—before the start of Russia’s war with Ukraine, which triggered a worldwide surge in commodities costs and prices at the gas pump. Even more important for the Fed, a closely watched measure that excludes food and energy decelerated by more than economists anticipated.

With slowdowns across categories including food, apparel, and used cars, the report suggests that the fastest price increases in decades may finally be starting to ebb in the world’s largest economy. And it probably gives the U.S. central bank enough assurance to moderate its aggressive interest-rate hikes if the trend is sustained.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Recommended Stories

Tenacious Inflation Proves Hard to Tame

Tenacious Inflation Proves Hard to Tame

Reade Pickert, Vince Golle & Augusta Saraiva |

In February, housing costs helped deliver a larger-than-forecast 0.5% gain in so-called core inflation, which excludes food and energy

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.