Reported about 22 hours ago
Recent data indicating a slight cooling of inflation in September, with the Consumer Price Index at 3%, suggests that the Federal Reserve is likely to proceed with a quarter-percentage-point interest rate cut next week. While inflation is still above the Fed's 2% target, concerns about a weakening job market have shifted focus away from rising prices. Fed officials face challenges in decision-making due to incomplete economic data, but many believe that the combination of softening inflation and deteriorating employment figures will lead to further rate cuts.
Source: YAHOO