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U.S. inflation cooled to 2.4% in September, slightly less than the expected decrease. Core prices, excluding food and energy, rose by 3.3%. This slower cooling suggests challenges in reaching the Federal Reserve's 2% target and may influence their decision on interest rate cuts.
- US Inflation cooled to 2.4% in September from 2.5% in August.
- Core inflation, excluding food and energy, rose to 3.3% from 3.2% in August.
- The Federal Reserve is likely to implement a smaller interest rate cut (25 basis points) in November than previously anticipated (50 basis points).
- Food prices, especially eggs, saw significant increases in September.
- Despite a drop in gasoline prices, the overall inflation rate remained higher than expected.
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