US Inflation Eases to 3%, Keeping Rate Cut on Track
TL;DR
The Federal Reserve is likely to cut interest rates next week, supported by a benign CPI report that alleviates concerns and amid a data drought that complicates policy decisions, with a December cut also probable. The ongoing data blackout, including delayed jobs and inflation reports, poses challenges for the Fed's decision-making process.
- Tame inflation report keeps Fed rate cut on track Politico
- Inflation rate hit 3.0% in September, lower than expected, long-awaited CPI report shows CNBC
- Inflation Isn’t as Bad as Economists Thought, but Americans Still Hate It The Wall Street Journal
- US consumer inflation cools in September; government shutdown threatens next report Reuters
- America’s inflation is back at 3%. That’s higher than normal but not out of control CNN
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