US Inflation Slows to 2.4% in September, Strengthening Fed Cut Bets
US consumer inflation cooled more than expected in September, reinforcing signs that price pressures continue to ease and increasing the likelihood of a Federal Reserve rate cut next month. The Consumer Price Index rose 2.4% from a year earlier, down from August and the lowest reading since February 2021. Economists had expected a 2.6% increase. On a monthly basis, prices also showed a softer pace of growth,…
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