US inflation rises to 3% in September — paving way for fed to cut rates next week
New York Post·2025-10-24 13:08
US inflation ticked up in September to 3% — a slightly lower than expected number that paves the way for the Federal Reserve to cut rates at its policy meeting next week.In a report that got delayed more than a week because of the federal government shutdown, the Consumer Price Index jumped 3% in September over the past 12 months, according to the Bureau of Labor Statistics. That was the fastest rate since the start of this year and a slight increase from the previous month’s 2.9% Still, economists polled b ...