U.S. consumer prices rose 0.2% in September, slightly above expectations. Annual inflation hit 2.4%, the smallest increase since February 2021. Economists had expected a 0.1% monthly increase and a 2.3% annual increase.
🔍 Core CPI (excluding food and energy) also rose 0.3% in September, matching August's annual core CPI of 3.3%.
💡 What's next for the Fed? Markets see a 76% chance of a 25 basis point rate cut at its November 6-7 meeting. The labor market remains strong, adding most jobs in six months and the unemployment rate falling to 4.1%.
What do you think? Cut rates or keep them the same? 💬#Economy#Forex#Cryptocurrency#Inflation
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