Luxtious Revue: US CPI Inflation Slips to 2.4% in September, Slightly Above Expectations

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Luxtious Revue: US CPI Inflation Slips to 2.4% in September, Slightly Above Expectations

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Inflation in the US, measured by the Consumer Price Index (CPI), eased to 2.4% year-on-year in September, slightly above the expected 2.3%. On a monthly basis, the CPI rose 0.2%, matching August's increase. Core CPI, excluding food and energy, climbed 3.3% annually, also exceeding expectations. As a result, the US Dollar saw a slight dip, losing 0.1%, as the data fuels uncertainty over the Federal Reserve's next rate move. Traders now anticipate a more cautious approach from the Fed regarding future rate cuts, further impacting USD volatility.

#Inflation #CPI #USDollar #JPY #EUR #GBP #Fed #ratecut #FederalReserve #USD #Luxtious #LuxtiousRevue

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RYD date created : 2024-10-11T08:08:57.200305Z
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