September CPI Data Shows Inflation at 3%, Influencing Fed Rate Decisions
TL;DR Summary
New softer-than-expected inflation data suggests the Federal Reserve may cut interest rates multiple times soon, as easing inflation provides the Fed with room to support economic growth while balancing its dual mandate of full employment and price stability.
- New CPI data resets December Fed interest rate cut TheStreet
- 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
- Prices increased at the fastest rate since January last month WBFF
- America’s inflation is back at 3%. That’s higher than normal but not out of control CNN
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