Reported about 11 hours ago
September's Consumer Price Index showed inflation holding at 3%, slightly lower than analyst predictions of 3.1%, while month-over-month prices rose by 0.3%. The overall inflation trend suggests some easing, with key sectors like food and housing showing signs of moderation. However, the report's reliability may be affected by the ongoing government shutdown, which has led to concerns about data quality in upcoming reports. Despite the current stability, inflation remains above the Federal Reserve's target, prompting expectations of a potential rate cut in future meetings.
Source: YAHOO