According to the news from the Coinnet, U.S. import prices unexpectedly rose in October as fuel and other goods prices rose. The monthly rate of the import price index rebounded 0.3% in October after falling 0.4% in September, higher than the expected decline of 0.1%. The annual rate rose 0.8%, higher than the expected 0.3%. Imported fuel prices rose 1.5% in October, while food prices fell 1.6%. Import prices excluding fuel and food rose 0.4%, and core import prices rose 2.2% year-on-year. Government data showed that progress in reducing the inflation rate to the 2% target has basically stagnated. Both consumer prices and producer prices rose 0.2% in October. Economists believe that the Federal Reserve may not cut interest rates four times in 2025.