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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,

Escalating Tensions: Drone Targets Netanyahu’s Residence Amid Gaza Strikes

 

In a dramatic escalation of regional tensions, a drone launched from Lebanon targeted the private residence of Israeli Prime Minister Benjamin Netanyahu in Caesarea. Fortunately, neither Netanyahu nor his wife were home at the time, and no injuries were reported.

This incident coincides with intense Israeli military operations in Gaza, where strikes have resulted in the deaths of at least 50 Palestinians, including children. The strikes targeted hospitals and residential areas in the northern part of the Gaza Strip, exacerbating the humanitarian crisis in the region.

The drone attack and the ongoing violence in Gaza underscore the fragile and volatile situation in the Middle East, with both sides suffering significant casualties and damage. The international community continues to call for restraint and dialogue to prevent further escalation.

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