Inflation spreads across the U.S. economy as Fed officials weigh faster rate hikes

FinanceInternationalKSL NewsNov 11, 2026, 9:32 AMAI summary

October's consumer price index showed broadly rising costs across goods and services, with inflation at 4% year over year versus 3.7% in September, even as gas prices leveled off. Two Fed officials suggested the central bank may need to raise its key interest rate more quickly to tame inflation. Investors see 90% odds of a hike at the Dec. 8-9 meeting, according to CME Fedwatch.

In 40 seconds

Annual U.S. inflation rose to 4% in October from 3.7% in September, with increases in services such as doctor visits, childcare, dining out and hotel stays.
Dallas Fed President Lorie Logan backed two additional quarter-point hikes and said the Fed could move more rapidly this winter.
CME Fedwatch futures put 90% odds on a hike at the Dec. 8-9 meeting and more than 64% on another in January.

Read the full story at KSL News

IASummary generated by artificial intelligence from a story by KSL News. It may contain errors: the original source prevails.

inflación
Reserva Federal
tasas de interés
Estados Unidos
IPC

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

Keep reading

Vice President Restrepo warns Colombia would enter crisis in early 2027 without fiscal adjustment
At Anif's General Assembly, Vice President José Manuel Restrepo warned that if an adjustment to public finances is not carried out, Colombia would enter a fiscal crisis around the first quarter of 2027. He said that scenario would mean more than one million additional people in poverty, inflation or hyperinflation, over-devaluation, falling growth and limited access to financial markets. He stated that the cut proposed in the Economic Rescue Law equals three times what was executed in previous years and criticized the fiscal management of Gustavo Petro's government.
FinanceColombiaEl Tiempo11:03 AMAI
Finance Minister says Colombia has "an economy doped by public spending"
Finance Minister Miguel Gómez Martínez defended the Economic Rescue Law at Anif's general assembly and said "the nation has an economy doped by public spending." He criticized that the largest tax expenditure in the country is VAT, the backbone of the bill, and argued that Colombia has the highest number of exemptions and deductions, which complicates the tax system. He recalled that the country passed a tax reform every 18 months since 1991 and said the focus is on seeking more resources instead of improving spending.
FinanceColombiaRevista Semana10:42 AMAI
Cartagena posted the country's highest monthly inflation in October and Santa Marta led the Caribbean's annual rise, according to DANE
DANE reported that in October Cartagena recorded the highest monthly CPI variation among Colombian cities, at 0.59%, driven by food and non-alcoholic beverages (1.44%) and restaurants and hotels (1.22%). In the annual measure, Santa Marta led the Caribbean with 6.88%, while Valledupar had the region's lowest reading at 4.02% and a monthly drop of 1.32%. Nationally, the monthly variation was 0.20%, the January-October accumulated figure was 5.94% and annual inflation was 6.30%.
FinanceColombiaEl Tiempo10:41 AMAI
Vice president warns Colombia would face fiscal crisis in 2027 without tax reform
Speaking at ANIF's General Assembly at Club El Nogal in Bogotá, Vice President José Manuel Restrepo warned that if the tax reform, which the government calls the fiscal rescue law, is not approved in the first quarter of 2027, the country will face a severe fiscal crisis with a high risk of default. He said this could push one million more Colombians into poverty and lead to inflation or hyperinflation. He also presented projections on the cost of postponing tax decisions toward 2030 and 2035.
FinanceColombiaBlu Radio10:10 AMAI

Inflation spreads across the U.S. economy as Fed officials weigh faster rate hikes

In 40 seconds

Comments

Keep reading

Vice President Restrepo warns Colombia would enter crisis in early 2027 without fiscal adjustment

Finance Minister says Colombia has "an economy doped by public spending"

Cartagena posted the country's highest monthly inflation in October and Santa Marta led the Caribbean's annual rise, according to DANE

Vice president warns Colombia would face fiscal crisis in 2027 without tax reform