AP
US Economy
A U.S. flag hangs over shoppers at a hardware store in the Dallas suburb of Richardson, Texas, Friday, Oct. 23, 2026.
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U.S. inflation was higher than expected last month in a sign that the rising prices that powered sweeping Democratic victories in last week’s midterm elections will continue to pose challenges for the White House and Federal Reserve. The data shows that inflation remains noticeably above the Federal Reserve’s target of 2%, and Americans’ struggles with high prices were evident as they ousted Republican majorities from the House and Senate last week.
