US CPI has fallen for six consecutive years! Core inflation is rising and expectations of a Fed rate cut are adding to market volatility.

On Thursday, the United States released data showing that the annual rate of the overall CPI in September was 2.4%, higher than the expected value of 2.3% and lower than the previous value of 2.5%. The annual rate of the core CPI in September was 3.3%, higher than the expected value of 3.2% and higher than the previous value of 3.2%. The number of initial jobless claims this week was 258,000, higher than the expected value of 230,000 and higher than the previous value of 225,000. The annual rate of the US overall CPI inflation was recorded at 2.4%, marking the sixth consecutive decline, hitting a new low since February 2021, but higher than market expectations of 2.3%; The annual core CPI inflation rate was recorded at 3.3%, a new high since June, higher than the market forecast of 3.2%. Analyst Robert Pavlik said: If the initial jobless claims number is not higher than expected, US stock index futures will fall further, and the Federal Reserve may continue to cut interest rates to help the economy move forward.