This is a news story, published by ABC News, that relates primarily to the Federal Reserve’s news.
For more inflation news, you can click here:
more inflation newsFor more news from ABC News, you can click here:
more news from ABC NewsOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about inflation, you might also like this article about
Inflation. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest lower interest rates news, interest rates news, news about inflation, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Federal ReserveABC News
•81% Informative
Consumer prices rose 2.6% in October compared to a year ago .
The data snapped a streak of six consecutive months of cooling inflation.
Inflation has cooled dramatically since a peak of 9% attained in 2022 , now hovering near the Federal Reserve’s target rate of 2% . The slowdown of price increases has coincided with robust economic growth.
VR Score
87
Informative language
89
Neutral language
46
Article tone
formal
Language
English
Language complexity
51
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
2
Source diversity
1
Affiliate links
no affiliate links