US Consumer Prices Rise 0.4% in October, Exceeding Forecasts as Fed Hike Looms (UPDATED)
October CPI rose 0.4% month over month and core CPI 0.3%, both above forecasts, as markets price a 99% chance of a Fed rate hike at the Dec. 9 meeting.
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Renting is still cheaper than owning, but J.P. Morgan says housing costs have outpaced incomes and high mortgage rates are squeezing buyers.
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