Inflation Picks Up to 2.6 %, but Door Stays Open to Fed Rate Cut
Rise in core prices held steady at 3.3%; both readings match economist estimates
The Labor Department on Wednesday reported that consumer prices in October rose 2.6% from a year earlier. That marks a pickup in the pace of inflation from September, when the consumer-price index was up 2.4% on the year.
Core prices, which exclude food and energy items in an effort to better reflect inflation's underlying trend, were up 3.3% from a year earlier.
Both results matched the expectations of economists...
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