US Inflation Remains Stubborn at 2.6% in October amid Election Economic Concerns

US inflation edged up to 2.6% in October, complicating the Fed's efforts to stabilize prices amidst rising housing and food costs. The core CPI rose steadily, indicating persistent price pressures. Areas like Phoenix and Atlanta have seen a slowdown in inflation despite still high living costs, reflecting a disconnect with public perception. Economic analysts warn Trump’s proposed tariffs and tax cuts lean towards inflationary pressures, contradicting claims of alleviating costs. As consumer spending remains burdened, the Fed faces challenges in navigating interest rate policies amid these economic uncertainties.