Stubbornly High Inflation Firms Up Case for Fed Rate Increase in December
WSJ Minute Briefing

Stubbornly High Inflation Firms Up Case for Fed Rate Increase in December

B2Upper-intermediateNovember 10, 20261 min
  • News bulletin
  • Business & money

Plus: Anthropic targets a $1.3 trillion valuation in its IPO. And Defense Secretary Pete Hegseth defends himself against impeachment push. Alex Ossola hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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I'm Alex Osella for The Wall Street Journal.

, .

The Labor Department says consumer prices rose 0.4 percent as costs climbed across the broader

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B2 · Upper-intermediate

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0:00

Here's your midday brief for Tuesday, November 10. I'm Alex Osella for The Wall Street Journal. Inflation in October cooled from the month before, but overshot economists' expectations. The Labor Department says consumer prices rose 0.4 percent as costs climbed across the broader

0:19

economy, pushing the annualized inflation rate over the past three months well above the Federal Reserve's 2 percent target to 5.7 percent. puts more pressure on the central bank to raise interest rates next month. Anthropic is targeting a valuation of roughly $1.3 trillion for its public debut.

0:37

A Tuesday filing shows that the company behind Claude plans to sell shares priced between $70 and $78 apiece. A roughly $2 trillion figure was floated months ago, but major investors pushed for the lower valuation following the AISL off last week.

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