The Consumer Price Index for October will show how price pressures are trickling through the U.S. economy. See more of our coverage in your search results. Colby Smith covers the Federal Reserve. U.S. inflation has accelerated this year as the war with Iran, along with an artificial intelligence investment boom, have stoked price pressures across the country. Data released by the Bureau of Labor Statistics on Tuesday will show just how potent those pressures continue to be. Economists broadly expect a reprieve in October, with overall prices as measured by the Consumer Price Index rising 0.3 percent for the month after a 0.6 percent jump in September. "Core" prices, which strip out volatile food and energy items, are forecast to have risen just 0.2 percent. But don't expect a year-over-year comparison. The agency will not release one given that it was unable to collect data during last year's government shutdown, which ran from Oct. 1 through Nov. 12. The trajectory of inflation is being closely watched by the Federal Reserve. Tuesday's C.P.I. report will be the last before the central bank meets for its final gathering of the year on Dec. 8 and 9. November's report comes out the day after the meeting. Policymakers have broadly signaled that they will raise rates next month as they seek to stamp out price pressures that have pushed inflation further away from their goal.

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The Consumer Price Index for October will show how price pressures are trickling through the U.S. economy. See more of our coverage in your search results. Colby Smith covers the Federal Reserve. U.S. inflation has accelerated this year as the war with Iran, along with an artificial intelligence investment boom, have stoked price pressures across the country. Data released by the Bureau of Labor Statistics on Tuesday will show just how potent those pressures continue to be. Economists broadly expect a reprieve in October, with overall prices as measured by the Consumer Price Index rising 0.3 percent for the month after a 0.6 percent jump in September. "Core" prices, which strip out volatile food and energy items, are forecast to have risen just 0.2 percent. But don't expect a year-over-year comparison. The agency will not release one given that it was unable to collect data during last year's government shutdown, which ran from Oct. 1 through Nov. 12. The trajectory of inflation is being closely watched by the Federal Reserve. Tuesday's C.P.I. report will be the last before the central bank meets for its final gathering of the year on Dec. 8 and 9. November's report comes out the day after the meeting.

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Will Gulf states join war? A drone attack on the Khor Mor gasfield in the semi-autonomous Kurdish region of northern Iraq has caused a fire at the facility and cut power to the region, according to Iraqi and Kurdish officials. The Sunday night attack left more than 70 percent of the Kurdish region without power. Al Jazeera's fact-checking agency Sanad has verified footage of smoke and flames rising from the vicinity of the gasfield in the Sulaimaniyah governorate. Omid Ahmed, spokesperson for the Kurdistan Regional Government's Ministry of Electricity, said the attack suspended gas supply to power plants in the cities of Erbil, Sulaimaniyah, Bazian, Chamchamal and Duhok, the official Iraqi News Agency (INA) reported.

A senior UAE official says he is cautiously optimistic about U.S.-Iran nuclear talks through Qatari mediation, even as missile and drone attack threats persist in the Middle East.

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Iran's chief negotiator says Americans voted'no to war' Iran's chief negotiator in talks with the US has said that Americans have said NO TO WAR, after President Donald Trump's Republican Party suffered a stunning defeat in the midterm elections. We endorse this message, parliament speaker Mohammed Bagher Ghalibaf wrote on X. If the US [government] betrays their public will to serve international paymasters and blackmailers, it will learn our NO comes with a Nightmare, he warned. Trump acknowledged on Tuesday that the poor results for Republican congressional candidates were partly due to the war and the related surge in petrol prices. But he insisted that he did not regret launching a joint attack with Israel on Iran in February.

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