Inflation increased to 2.6% in October, rising modestly from the previous month, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS).

Don't look for the Federal Reserve to start making big promises on further monetary-policy easing after the October reading of the consumer-price index matched market expectations but showed plenty of price stickiness,

Its annual rate rose to 4.9 per cent in October from 4.8 per cent a month earlier The October CPI data will not preclude a further quarter-point cut in December. Core inflation remained steady, and the Federal Reserve expects shelter inflation — the dominant constituent of CPI — to come down in the coming months given leading indicators of rent price increases have subsided.

Interest-rate jitters are weighing on markets, but a Fed official thinks inflation seems control. Here's what happens next.

A rapid slowdown in the rate of U.S. inflation appears to have lost steam, potentially raising questions about how aggressively the Federal Reserve will cut interest rates early next year.

U.S. inflation ticked higher in October, but stable core price pressures and tame month-on-month gains prompted a sigh of relief on Wall Street and likely supported bets for an end-of-year interest rate cut from the Federal Reserve.