Charting the global economy: US inflation exceeds forecasts

Quick Summary:

US inflation in September was stronger than forecast, prompting speculation that the Federal Reserve might opt for a smaller interest-rate cut.

Underlying US inflation rose more than forecast in September, representing a pause in the recent progress toward moderating price pressures.

US inflation last month was a touch stronger than forecast, helping to consolidate market bets that the Federal Reserve will opt for a smaller interest-rate cut in November.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaArgentinaBoliviaBrazilCanadaChinaFranceGermanyIsraelJapanKazakhstanKenyaNew ZealandPeruUgandaUruguay

Topics: China economy Germany factory orders Inflation US inflation UK economic growth Federal Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-13 @ 09:14:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1597 words

Reading Time: 9 minutes read

Sentences: 48 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23013993

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 1 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 1 days ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #84

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