DAILY BRIEF

United States inflation exceeds expectations, increasing pressure on the Federal Reserve to raise interest rates

Updated 2026-11-11 · told from many outlets at once

US inflation exceeded market expectations as the Consumer Price Index rose 0.4 percent in October. Following the data, Fed Governor Christopher Waller stated that a 50 basis point hike in December must be considered. The 10-year Treasury bond yield rose more than seven basis points to 4.938 percent.

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