Wells Fargo: U.S. inflation is expected to remain above the Fed's target

Odaily Odaily News: Sarah House and Aubrey Woessner of Wells Fargo wrote that inflation in the United States may still be above the Fed's 2% target. The October consumer price index, which will be released next week, "may show that progress in eliminating the last bit of inflation is still frustratingly slow." They predict that the overall CPI will increase by 0.2% in October, the same as the increase in September, bringing the annual rate from 2.4% to 2.5%. The core CPI is expected to increase by 0.3% for the third consecutive month, keeping the annual rate at 3.3%. House and Woessner added that the policies proposed by Trump may put pressure on price increases and prolong the time it takes for inflation to return to the Fed's target.