Consumer 10's Clay Gordon and Ben Ayers, a senior economist at Nationwide discuss the October 2024 Consumer Price Index (CPI) report. Ayers highlighted that shelter costs and service prices continue to push inflation higher, while gas prices have decreased and food prices are leveling off. Despite the slight uptick in inflation, Ayers expects the Federal Reserve to proceed with another 25 basis point rate cut in December. However, he anticipates a more cautious approach in 2025, with the Fed potentially pausing rate cuts to assess the impact of previous reductions.