The latest inflation reading showed that prices rose 2.6% year over year in October, an acceleration from the 2.4% increase the month before. Meanwhile, a key Federal Reserve official is warning that the U.S. is more vulnerable to inflation shocks today than it was in the past.
Where will inflation go next?
Although progress on slowing inflation has plateaued according to government data, Richmond Fed President Tom Barkin told the Financial Times that he expected it to continue falling across the U.S. However, he also warned that businesses are more readily passing higher costs onto consumers than...
