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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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Financial TimesFinancial Times
+2 Reposted by 2 other sources
Center

US inflation fell to 2.4% in September

Figures for headline and core rates marginally surpass expectations

·London, United Kingdom
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  • 53% of the sources are Center
53% Center
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digitalchew.com broke the news in on Wednesday, October 9, 2024.
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