Latest / Markets with Megan: A Quick Financial Markets Update
Inflation Stubbornly High and Fed's Rate Decision Looms | Episode 189 | 11-13-24
In today’s episode, Verdence CIO Megan Horneman, breaks down the latest Consumer Price Index (CPI) report for October, highlighting the persistent contributors to inflation. Despite a year-over-year headline increase of 2.6%, the core CPI remains high at 3.3%. A key factor? The service sector continues to drive inflation, with services excluding energy up 4.8% from last year. Housing costs, particularly owner’s equivalent rent, are also major contributors, rising 5.2% year-over-year. Additionally, energy utilities in housing jumped by 0.8% for the month, translating to a 3.6% increase over…
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