U.S. consumer prices rise 2.3% in October..."YEONJUN agrees with what he expected".

The U.S. Commerce Department reported that the personal consumption expenditure price index rose 2.3% in October from the same month last year and 0.2% from last month.

The core personal consumption expenditure price index, excluding volatile energy and food, rose 2.8% from last year and 0.3% from the previous month, respectively.

This is in line with Federal Reserve Chairman Jerome Powell's expectations at an event in Dallas, Texas, on the 15th.

The personal consumption expenditure price index fell to 2.1% in September. It rebounded to 2.3% in October, and the core index also rose to 2.8% after staying at 2.7% for the third straight month.

As a result, there are concerns both inside and outside the market that the slowdown in inflation may have stopped and re-accelerated.

However, Powell said in anticipation of the October price data that he expects to continue to slow to the 2% price target, although there will be bumpy paths at times.