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U.S. Consumer Prices Rise in October, Slowing Progress Toward Low Inflation

  U.S. consumer prices increased as anticipated in October, reflecting a continued but modest rise in inflation. According to the latest data from the Labor Department, the Consumer Price Index (CPI) rose by 0.2% for the fourth consecutive month. Over the past year, the CPI has advanced by 2.6%, up from 2.4% in September. The core CPI, which excludes volatile food and energy prices, also saw a 0.3% increase in October, maintaining the same pace for the third month in a row. Annually, the core CPI has risen by 3.3%. Economists had predicted these figures, indicating that while inflation is not accelerating, the progress toward achieving the Federal Reserve’s target of 2% inflation has slowed. This trend suggests that the Federal Reserve may be less inclined to implement further interest rate cuts in the near future. The slight uptick in inflation is partly attributed to rising shelter costs, which accounted for more than half of the overall increase in prices. Despite the modest gains,

Riddles and Answers

     

                                                     

 

Riddle:  I'm small and round, often hidden away, for future needs, I'm what you save every day.  In a piggy bank or a jar, I'm stashed with care, when you need some funds, I'll always be there.  What am I


Can you guess the answer to this riddle?



The answer to the riddle is: 


The answer to this riddle is "coins." Coins are often small, round, and commonly saved in piggy banks or jars for future needs. 

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