CPI Cools, Fed Rate Cut Looms

The September CPI report showed U.S. inflation cooling more than expected, with core CPI rising only 0.2% month-over-month and 3% year-over-year.

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The September CPI report showed U.S. inflation cooling more than expected, with core CPI rising only 0.2% month-over-month and 3% year-over-year, reinforcing expectations for a Federal Reserve 25-basis-point rate cut at this week, lowering the target range to 3.75–4.00%.

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