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But we saved everything 🙂.
The consumer price index (CPI) has increased at an annualized pace of 4.4% over the past three months, marking its fastest rate since June. Diane Swonk highlighted that a wide range of items, especially necessities, have risen in price. She also noted that the CPI data was unavailable in October last year due to a six-week government shutdown and was interpolated for that period.
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Earlier, Diane Swonk reported that the Federal Reserve was expected to skip a rate hike in October, citing comments from Cleveland Fed President Beth Hammack (here). In a separate note, she shared a poll showing 53% of baby boomers felt confident managing debt, compared to 42% of other groups (here). Both updates reflect Swonk’s continued focus on trends shaping consumer and monetary policy.