U.S. inflation remains slightly above the Federal Reserve's target despite a gradual decline. By October 2024, inflation had decreased to 2.4%, its lowest in months, yet still above projections. While energy prices saw notable decreases, sectors like food and transportation experienced price increases, creating upward pressure on overall inflation rates.

Experts suggest that if inflation continues on this downward path, the Fed may consider rate cuts. However, various factors, such as labor cost increases in sectors affected by recent labor negotiations, could add volatility to inflation projections.#USInflationAboveTarget $BTC $ETH #MidNovemberMarket