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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,

Harris and Trump Enter Final Stretch as Election Day Approaches

 

With just eight days remaining until the U.S. presidential election, the race between Vice President Kamala Harris and former President Donald Trump is intensifying. Both candidates are making their final pitches to voters in key battleground states, with Harris focusing on Michigan and Trump campaigning in Georgia.

Harris has highlighted her legislative priorities, including reducing living costs, restoring abortion rights protections, and passing a border security bill.

Meanwhile, Trump continues to emphasize his stance on immigration and has been holding rallies to energize his base.

As Election Day approaches, voters should be aware of several key points:

1. Early Voting: Many states have already begun early voting, allowing voters to cast their ballots before November 5.

2. Mail-In Ballots: Mail-in voting remains a popular option, but it's crucial to ensure ballots are submitted on time to be counted.

3. Polling Locations: Voters should verify their polling locations and hours to avoid any last-minute confusion.

4. Voter Resources: Various resources are available to help voters navigate the election process, including guides on how to vote and information on candidates' positions on key issues.

The outcome of this election will hinge on voter turnout and the efficiency of the vote-counting process. Stay informed and make your voice heard on November 5.

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