TechFlow news, on October 10, according to Jinshi Data, institutions noted that the U.S. CPI in September rose slightly more than expected, but the annual inflation rate posted its smallest increase in over three and a half years, which may allow the Federal Reserve to continue cutting interest rates next month. The CPI rose 2.4% year-on-year in September, the smallest gain since February 2021, compared to 2.5% in August. The annual inflation rate has slowed from its peak of 9.1% in June 2022. Alongside a significant slowdown in the inflation measure tracked by the Fed toward its 2% target, this has enabled the Fed to shift focus toward the labor market and make an unusually large 50-basis-point rate cut in September.
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