US Inflation Slowdown Boosts Odds of Further Rate Cuts
US core inflation rose 0.2% in September, below forecasts, raising chances for further rate cuts amid a government shutdown delay.
The core Consumer Price Index, which excludes volatile food and energy components, increased by 0.2% from August, a rise that was lower than prior expectations. The report was scheduled for release on October 15 but was delayed due to the ongoing partial government shutdown.
Year-over-year inflation in the United States stood at 3% in September compared to the same period last year, up from 2.9% in August. The numbers came in slightly below economists' forecasts, who anticipated a monthly increase of 0.4% and a year-over-year rate of 3.1%. Some policymakers indicated that this unexpected inflation reading could be...
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