Lower-Than-Expected Inflation Keeps Fed On Track For October Rate Cut

BRENDAN SMIALOWSKI / AFP via Getty Images Federal Reserve officials such as Chair Jerome Powell have said they're paying close attention to jobs. Key Takeaways The Consumer Price Index rose less than expected in September, leaving the Fed on track to cut interest rates. Fed officials had held their key interest rate high this year to subdue inflation, but the Fed has decided to cut interest rates to boost the job market. It would have taken a surprising surge of inflation in September to deter the F ...