A key gauge of underlying US inflation firmed in October: core services ex-housing prices rose 0.4%, with the three-month annualized pace nearing 5.5%. The data

A key gauge of underlying US inflation firmed in October: core services ex-housing prices rose 0.4%, with the three-month annualized pace nearing 5.5%. The data will be closely watched by Fed officials as markets expect rates to hold steady.