The Zhitong Finance App learned that the overall and core CPI monthly rates of the US in October were higher than market expectations, indicating that price pressure is still high, strengthening the reason for the Federal Reserve to continue to raise interest rates. According to data released by the US Department of Labor (BLS) on Tuesday, the US CPI rose 0.4% month-on-month, higher than market expectations of 0.3%, and the previous value was 0.6%; excluding volatile projects such as energy and food, the increase in core CPI was 0.3% month-on-month, higher than market expectations of 0.2%, and the previous value was 0.3% (there was no year-on-year data for the CPI and core CPI in October last year).

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