๐จ September CPI Data Is Out: Fed Rate Cut Likely Next Week ๐จ
The BLS has finally released the delayed September report after the government shutdown. The numbers look decentโprices rose, but not as much as they did in August.
Consumer prices climbed 0.3% in September, following a 0.4% increase in August. Over the past year, inflation has risen 3.0%. The biggest contributors were higher gasoline prices, which jumped 4.1%, along with increases in food, housing, and travel costs.
While inflation is still above the Fedโs target, itโs showing signs of cooling. With this data, it seems almost certain the Fed will move forward with a rate cut next weekโlikely around 25 basis points.
#CPIWatch #FedRateCut #InflationUpdate #MarketNews #Economy
BTC
92,247.94
+2.30%
ETH
3,241.15
+1.26%
