U.S. Inflation Eases to 3% in September, Below Expectations
U.S. inflation cooled to 3% in September, below forecasts, reinforcing expectations for a Federal Reserve rate cut next week.
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U.S. inflation cooled to 3% in September, below forecasts, reinforcing expectations for a Federal Reserve rate cut next week.
The Federal Reserve lowered its benchmark rate by 0.25% to 4.00%–4.25%, its first step in a projected series of cuts as job growth slows and inflation stays high.