US inflation: Fed’s key gauge stays elevated in September; rate cut hopes rise despite weak spending signals
September inflation data showed a slight increase, with core prices remaining stable, bolstering expectations for a Federal Reserve interest rate cut. Despite concerns about persistent services inflation and weakening job markets, policymakers aim to stimulate the economy through lower rates, though consumer spending signals softer demand.
September inflation data showed a slight increase, with core prices remaining stable, bolstering expectations for a Federal Reserve interest rate cut. Despite concerns about persistent services inflation and weakening job markets, policymakers aim to stimulate the economy through lower rates, though consumer spending signals softer demand.
