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Cooler-than-expected inflation reading keeps Fed on course for a rate cut next week
Yahoo Finance·2025-10-24 21:46

A fresh reading Friday showing that inflation cooled slightly in September is likely to keep the Federal Reserve on course for another quarter-percentage-point interest rate cut next week amid continued concerns about the job market. The Consumer Price Index (CPI) clocked in at 3% for the month of September, a tenth of a percent lower than expected, but inching up from the 2.9% rate in August. On a core basis, which excludes volatile food and energy prices and is the preferred Fed measure, inflation also ...