bibibi.ccLoading…
Connect scattered updates into a story you can understand.
US October core CPI rose 0.3% month-on-month, and headline CPI rose 0.4%, both above expectations. The report noted that energy, services, and AI-related costs increased inflationary pressure.
PANews, citing an article by a New York Times reporter, reported that U.S. inflationary pressures have spread beyond the energy sector in recent months, with consumer prices excluding energy rising at an annualized rate of 3.6% over the past 3 months.
BlockBeats cited strategist Brian Jacobsen, who stated that, in addition to the oil price shock, AI investment demand and rising hiring costs for technical roles could also become inflationary factors of concern to the Federal Reserve.
Data shows that since April 2020, U.S. consumer prices have cumulatively risen 31.3%, while average hourly wages have risen 25.9%; CPI has been above the Federal Reserve's 2% target for 67 consecutive months.
Wall Street Journal reporter Nick Timiraos said that the U.S. September core CPI rose 0.33% month-on-month, higher than expected, further supporting the Federal Reserve's decision to raise interest rates again this year.