Higher October Inflation Fuels Pressure on Federal Reserve

October inflation topped forecasts, keeping pressure on the Federal Reserve.

U.S. inflation exceeded expectations in October as price pressures broadened beyond fuel costs. The hotter reading complicates the economic outlook for the White House following midterm elections and keeps pressure on central bankers.

• The backgroundRising living costs fueled sweeping opposition victories in recent midterm elections.
• The outlookEconomists expect the renewed price acceleration to complicate future monetary policy decisions.