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Business

Inflation surges, PCE shows. Fed pause on rate hikes unlikely to last long with prices still rising.

Marcus Chen
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN

Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.

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Managing Editor · Thursday, October 29, 2026 at 12:36 PM · 1 min read
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Inflation surges, PCE shows. Fed pause on rate hikes unlikely to last long with prices still rising. — Dubai Business news

Even though the Federal Reserve temporarily put its inflation fight on hold this week, the cost of living rose sharply again last month in a sign the central bank’s work is far from done.

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