US prices continue to climb
Inflation continues to gain traction, with consumer prices, excluding energy and food, rising 0.2% in October from September — the fastest pace in three months. A rebound in used-car prices last month was partly to blame. The overall gauge held at 2.1% from a year earlier, the same as in the prior month, supporting the view that the Federal Reserve will raise interest rates for a fourth time this year in December.