Thursday, November 7, 2024

US Inflation Eases to 2.4% in September, Fed Rate Cuts on Track

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The September US Consumer Price Index (CPI) report shows inflation at 2.4% annually, slightly above expectations. While this marks the smallest increase since February 2021, core inflation rose to 3.3%. The Federal Reserve is expected to continue with planned interest rate cuts, but at a more measured pace of quarter-point reductions.



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