According to online reports, Sarah House and Aubrey Woessner of Wells Fargo wrote that inflation in the United States may still be above the Federal Reserve's 2% target. Consumer prices for October, due to be released next week,"may show that progress towards eliminating the last bit of inflation remains frustratingly slow." They forecast an overall CPI increase of 0.2% in October, the same as the September increase, raising the annual rate from 2.4% to 2.5%. Core CPI is expected to increase by 0.3% for the third consecutive month, keeping the annual rate at 3.3%. House and Woessner added that Trump's proposed policies could put pressure on price increases and extend the time for inflation to return to the Fed's target.