Fed Cuts Rates by a Quarter Point
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6don MSN
CPI report shows inflation continued to climb in September, although at a cooler pace than forecast
Inflation last month rose at an annual rate of 3%, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.
The inflation report helps the Federal Reserve make rate change decisions, but the shutdown has interrupted data gathering.
The Federal Reserve might be set to cut interest rates next week, but it doesn't mean the September consumer-price index doesn't matter. The government shutdown, now in its third week, almost certainly means there will be no CPI or other inflation reports for October.
The annual inflation rate as measured by the CPI was expected to be 3.1% in September, according to the Dow Jones consensus estimate.
U.S. inflation hits 3% in September, beating economist expectations and sending Wall Street to record highs as investors anticipate Federal Reserve rate cuts.
Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.
Friday’s inflation report is likely to show that consumer prices worsened in September for the second straight month as President Donald Trump’s tariffs have lifted the cost of some groceries and othe
U.S. stocks closed higher Friday, with the S&P 500 notching a new all-time high after investors got a fresh reading on inflation that was slightly softer than Wall Street expected. The Dow Jones Industrial Average rose 1%,
Some analysts cheered last week’s better-than-expected inflation report, but the cumulative effect of years of inflation is changing habits.
Harvard students pushed back forcefully against a new University report condemning grade inflation, arguing that it misrepresented their academic experience and would add pressure to an already demanding campus environment.