Cool CPI Inflation Data Gives Fed Room For More Cuts; S&P 500 Hits Record (Live Coverage)
Investors·2025-10-24 21:43
The consumer price index for September showed that core inflation unexpectedly cooled in September. The Federal Reserve is a lock to cut its key interest rate at next week's policy meeting and likely keep on cutting, thanks to easing services inflation and only a moderate bite from Trump tariffs. The S&P 500 turned on the gains after the CPI, with Intel (INTC) leading the way on the strength of an upbeat demand outlook. For now, the Fed has a clear bias toward rate cuts because its concern about the risk of ...