One Turn
US inflation hotter than expected; Fed weighs hikes
October consumer prices rose more than expected. Fed official Austan Goolsbee called the report 'borderline disturbing'. Mortgage rates jumped after four weeks of easing. Retail sales grew at their slowest pace in nearly a year.
Why it matters
Higher inflation could mean more rate hikes and costlier loans for households.
Background
The Fed sets US interest rates. The 10-year Treasury yield is near 5%.
The story so far
- Hot US inflation lifts Treasury yields toward 5%
- US inflation hotter than expected; Fed weighs hikes
Sources
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