US Inflation Cools to 2.4% in September, Strengthening Case for Fed Rate Cut
US consumer inflation eased more than expected in September, with the Consumer Price Index rising 2.4% from a year earlier, according to the latest government data. That marked the slowest annual increase since February 2021 and came in below economists’ forecast of 2.6%, suggesting price pressures continue to moderate. On a monthly basis, the report pointed to a softer inflation backdrop as higher borrowing costs…
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