The economy was a big concern for voters. Thursday's inflation report likely won't help | CNN Business

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The economy was top of mind for voters in the midterm elections, exit polls showed, adding even more weight to a highly anticipated inflation report due out on Thursday

The Consumer Price Index for October, which measures the change in price of everything from pork chops to plane tickets, will provide the latest insight on whether Americans saw any relief last month from the current bout of historically high prices. Economists estimate the pace of inflation likely slowed somewhat in October — but nowhere near enough for the Federal Reserve to tap the brakes on the aggressive rate hikes it has rolled out in its battle to cool the economy.

During the past 12 months, the medical services category reflected the robust profit margins from 2020, when people stayed home or delayed doctor visits — but that will rebalance in the October report, which will reflect the 2021 return to elective surgery and other health services, Juneau said. CPI has come in hot for the past two months, showing overall price increases mellowed only slightly during the respective 12-month periods, and core CPI shot up much faster than anticipated.

 

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Donald Trump is ferocious & feels humiliated, that Fox News & Newsmax are getting behind Ron DeSantis possible presidential run in 24', after both blamed Trump for 30 of 36 endorsed candidates losing & admitted there was no red wave, calling Trump a cancer for the party.

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