{"id":79927,"date":"2021-11-12T02:27:58","date_gmt":"2021-11-12T07:27:58","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=79927"},"modified":"2021-11-12T02:24:38","modified_gmt":"2021-11-12T07:24:38","slug":"fuel-housing-costs-boosted-octobers-inflation-heres-what-it-means-for-the-feds-stance-on-interest-rates","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2021\/fuel-housing-costs-boosted-octobers-inflation-heres-what-it-means-for-the-feds-stance-on-interest-rates.html","title":{"rendered":"Fuel, housing costs boosted October\u2019s inflation. Here\u2019s what it means for the Fed\u2019s stance on interest rates"},"content":{"rendered":"\n<p>(CNBC) October\u2019s surge in consumer prices was driven by some factors that may linger. Market pros say the Federal Reserve may be forced to move up the timeline on its ultimate inflation-fighting tool: interest rate hikes. The <a href=\"https:\/\/www.cnbc.com\/2021\/11\/10\/consumer-price-index-october.html\">consumer price index jumped 0.9% on a monthly basis,<\/a> and was up 6.2% year-over-year, the fastest pace in 30 years. According to Dow Jones, <a href=\"https:\/\/www.cnbc.com\/2021\/11\/09\/consumer-prices-likely-surged-last-month-at-their-fastest-pace-in-about-30-years.html?&amp;qsearchterm=patti%20domm\">economists had expected a 5.9% gain.<\/a> Excluding food and energy, the increase was still high, up 0.6% or 4.6% year-over-year.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2021\/11\/10\/fuel-housing-costs-raised-octobers-inflation-what-it-means-for-the-fed.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) October\u2019s surge in consumer prices was driven by some factors that may linger. Market pros say the Federal Reserve may be forced to move up the timeline on its ultimate inflation-fighting tool: interest rate hikes. The consumer price index [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-79927","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=79927"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79927\/revisions"}],"predecessor-version":[{"id":79928,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79927\/revisions\/79928"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=79927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=79927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=79927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}