美国经济：通胀放缓但略超预期

Inflation Trends - In September, the CPI increased by 0.18% month-on-month, exceeding the market expectation of 0.10%[1] - Year-on-year CPI growth slightly decreased from 2.5% to 2.4%, marking six consecutive months of decline[1] - Energy prices saw a year-on-year decline of 6.9%, while food prices rebounded from 2.1% to 2.3%[1] Core CPI Insights - The core CPI month-on-month growth rose from 0.28% to 0.31%, surpassing the market expectation of 0.22%[1] - Year-on-year core CPI growth increased from 3.2% to 3.3%[1] - Rent inflation showed a significant drop, with the month-on-month growth of rent decreasing from 0.5% to 0.2%[1] Federal Reserve Policy Outlook - The Federal Reserve is expected to implement gradual rate cuts, with a forecast of 25 basis points reductions in November and December[1] - A total of 100 basis points of further cuts may occur next year due to ongoing economic and inflation slowdowns[1] - The neutral interest rate level has risen, with the policy rate likely not falling below 3% in a soft landing scenario[1]