US consumer prices rise slightly in Sep, keep hopes of rate cut alive

Quick Summary:

The consumer price index increased 0.2 per cent last month after gaining 0.

In the 12 months through September, the so-called core CPI advanced 3.3 per cent.That followed a 3.2 per cent gain in August.

The first rate reduction since 2020 lowered the central bank's policy rate to the 4.75 per cent-5.00 per cent range.

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Category: BusinessFinance

Markets: India

Topics: US Fed US interest rate US consumer prices US inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 19:15:37 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 543 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22980021

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