Goolsbee warns inflation persists after October CPI jump

Goolsbee warns inflation persists after October CPI jump

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Chicago Fed President Austan Goolsbee warned on 11 November that inflation remains persistent after the October consumer price index jumped, calling the report “borderline disturbing” and saying it could force further rate hikes. The CPI data, released on 3 November, showed a 0. 4% month-over-month increase, outpacing the 0. 3% rise economists had expected and keeping inflation well above the Fed’s 2% target.

Federal Reserve officials, including Governor Christopher Waller and Dallas Fed President Lorie Logan, said the pressure could justify a 50-basis-point hike in December, and analysts such as Goldman Sachs now project three rate increases this cycle, with the first cut pushed to December 2027. Earlier forecasts had anticipated a modest 0. 3% rise as fuel prices fell.

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November 11, 2026
3 total
Fed's Goolsbee warns of persistent inflation as CPI spikes
Fed's Goolsbee warns of persistent inflation as CPI spikes

CNBC • 11 Nov 13:16

Chicago Fed President Austan Goolsbee called the October CPI report “borderline disturbing,” highlighting concerns that inflation remains elevated and could prompt further rate hikes.

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Goldman Sachs projects three Fed hikes this cycle, first rate cut pushed to December 2027
Goldman Sachs projects three Fed hikes this cycle, first rate cut pushed to December 2027

BigGo Finance • 11 Nov 04:06

Goldman Sachs raised its estimate of Federal Reserve rate hikes to three and delayed the first cut to December 2027 after October CPI data exceeded expectations.

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Federal Reserve Expected to Raise Interest Rates Amid Rising Inflation
Federal Reserve Expected to Raise Interest Rates Amid Rising Inflation

The Age • 11 Nov 00:59

The Federal Reserve is anticipated to increase interest rates again following a rise in inflation, contrary to President Trump's calls for cuts.

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November 10, 2026
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Fed officials Waller and Logan signal possible larger rate hikes in December
Fed officials Waller and Logan signal possible larger rate hikes in December

Kitco • 10 Nov 21:22

Federal Reserve Governor Christopher Waller and Dallas Fed President Lorie Logan indicated that inflation pressures could lead to a 50-basis-point rate increase at the December meeting, with additional hikes likely needed.

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Mortgage rates climb after hotter-than-expected CPI report
Mortgage rates climb after hotter-than-expected CPI report

Mortgage News Daily • 10 Nov 19:43

The average top-tier 30-year fixed mortgage rate rose 0.12 percentage point to 7.30% following a CPI reading that showed broad-based price pressures.

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U.S. CPI rises 0.4% in October, driven by housing and energy costs
U.S. CPI rises 0.4% in October, driven by housing and energy costs

CNBC • 10 Nov 16:18

The consumer price index increased 0.4% in October, above expectations, as higher housing, energy and food prices kept inflation elevated.

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U.S. Treasury yields surge after October CPI exceeds expectations
U.S. Treasury yields surge after October CPI exceeds expectations

The Globe and Mail • 10 Nov 15:38

October consumer price data came in higher than forecast, prompting a sharp rise in Treasury yields and boosting market expectations of a larger-than-usual Fed rate hike in December.

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U.S. Consumer Prices Rise 0.4% in October, Exceeding Forecasts
U.S. Consumer Prices Rise 0.4% in October, Exceeding Forecasts

Reuters • 10 Nov 14:58

The Labor Department reported a 0.4% month-over-month increase in the Consumer Price Index for October, outpacing Reuters poll expectations and keeping inflation well above the Federal Reserve’s 2% target.

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U.S. CPI rises 0.4% in October, core CPI up 0.3%
U.S. CPI rises 0.4% in October, core CPI up 0.3%

CNBC • 10 Nov 13:31

The consumer price index increased 0.4% in October, outpacing forecasts, while core CPI rose 0.3%, adding pressure on the Federal Reserve's interest-rate decisions.

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November 09, 2026
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October CPI expected to show modest rise as fuel prices ease
October CPI expected to show modest rise as fuel prices ease

NBC News • 09 Nov 23:00

Economists anticipate a 0.3% month-over-month increase in the consumer price index for October, with core inflation up 0.2%, amid declining gasoline and diesel prices.

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