TechFlow, October 24 — According to Jinshi Data and the Financial Times, the U.S. inflation rate rose to 3% in September, a smaller increase than expected, opening the door for the Federal Reserve to continue cutting interest rates at its meeting next week. Data released Friday by the U.S. Bureau of Labor Statistics showed that the Consumer Price Index rose 3% year-on-year in September, up from 2.9% in August but below the market expectation of 3.1%. This reinforced market expectations that the Fed will continue lowering rates during its two remaining meetings this year, leading to slight declines in the dollar and Treasury yields. The delayed release of this data—postponed due to the U.S. government shutdown—comes just ahead of the Fed's policy meeting on Tuesday and Wednesday. Markets widely expect another 25-basis-point rate cut this time.
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