US inflation reaches lowest point in 3 years
- U.S. inflation reached its lowest point since February 2021, enhancing prospects for a Federal Reserve rate cut.
- The consumer price index rose just 2.3% in September from a year earlier, down from 2.5% in August.
- Inflation dropped last month, contributing to positive economic news during the presidential campaign.
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100 Articles
US inflation fell to 2.4% in September
Figures for headline and core rates marginally surpass expectations
U.S. Inflation Eases to 2.4% in September, Fed Rate Cut Expectations Shift
The United States economy shows signs of cooling inflation, with the latest Consumer Price Index (CPI) data revealing a slight decrease in the annual rate. According to the Labor Department’s Bureau of Labor Statistics, inflation dipped to 2.4% in September 2024, down from 2.5% in August. This marks the lowest year-on-year increase since February 2021. […]
September consumer prices rise slightly above expectations | Honolulu Star-Advertiser
WASHINGTON >> U.S. consumer prices rose slightly more than expected in September, but the annual increase in inflation was the smallest in more than 3-1/2 years, potentially keeping the Federal Reserve on track to cut interest rates again next month.
U.S. inflation reaches lowest point since February 2021, but price pressures persist
Inflation in the United States dropped last month to 2.4 per cent, its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race.
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