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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,

Your daily horoscope: October 24, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Make an effort to get out and about this year, because the more people you meet the more you will attract opportunities to shine. There is a lot you can do on your own but ten times more you can do alongside people who share your ambitions.

ARIES (March 21 - April 20):

Although your money situation could be better you must not focus on that to the exclusion of everything else. There are numerous ways you can improve your quality of life that won’t cost you a cent, so cheer up because you have lots to look forward to.

TAURUS (April 21 - May 21):

Cosmic activity in your opposite sign of Scorpio means you must make a conscious effort to put yourself in other people’s shoes and see life from their perspective. Only then will you understand why they act in certain ways. It will make you more forgiving too.

GEMINI (May 22 - June 21):

A dispute that has been brewing for ages will come to a head between now and the weekend and that’s good because it must be dealt with once and for all. The moment the issue is out in the open it will be easier to find a long-term solution.

CANCER (June 22 - July 23):

Cosmic activity in the most dynamic area of your chart makes this one of the best times of the year to get things done on both a personal and a professional level. Expect the best of yourself and expect the best of other people too.

LEO (July 24 - Aug. 23):

There is no point getting angry with someone who is openly opposing your wishes. According to the planets they are making life difficult because they want you to overreact, but you’re too smart to fall for it. Stay calm and carry on.

VIRGO (Aug. 24 - Sept. 23):

Draw a line under the past and promise yourself that as from this day on you will no longer be held back by all that emotional baggage you have been carrying around. It won’t be easy, of course, but it’s a start you can build on.

    LIBRA (Sept. 24 - Oct. 23):

    Good news about your money situation will be arriving soon, so stop fretting about how you are going to pay the bills and adopt a more positive attitude. Remember, the universe always reflects back at you the thoughts and feelings you send out.

    SCORPIO (Oct. 24 - Nov. 22):

    You won’t lack for energy over the next few days and if you channel it in creative directions your chances of success will go through the roof. This is potentially one of the best times of the year, so fear nothing and expect good things only.

    SAGITTARIUS (Nov. 23 - Dec. 21):

    Sometimes you can be too optimistic for your own good and today you could expect more of people than they are able to deliver. Make an effort to see friends and loved ones for who they are rather than who you would like them to be.

    CAPRICORN (Dec. 22 - Jan. 20):

    If you follow your instincts and don’t stop to question what you are doing then you should make significant progress between now and the weekend. Generally speaking, the less you think and the more you act the more successful you will be.

    AQUARIUS (Jan. 21 - Feb. 19):

    Because the focus is now on your career you can expect some interesting opportunities to come your way over the next few weeks. You don’t have to set off in a new direction but if you do the universe will help you make that break.

    PISCES (Feb. 20 - Mar. 20):

    The sun in your fellow water sign of Scorpio will encourage you to be bold in the decisions you make. If you are dissatisfied with your lot in any way then now is the time to do something about it. Don’t just talk about making a change, do it!

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