Inflation ticked up slightly in October. The Consumer Price Index (CPI) report for the month was largely in line with economists' expectations, but what does it mean for the Federal Reserve's next decision in December?

In the video above, Yahoo Finance Federal Reserve Reporter Jennifer Schonberger discusses what the report means for the Fed. She also discusses how Minneapolis Fed President Neel Kashkari cautioned about what an unexpected rise in inflation could mean for the central bank's rate path.

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To see every interview from Yahoo Finance Invest, click here. See the full interview with Neel Kashkari here.

This post was written by Stephanie Mikulich.