U.S. Inflation Eases to 2.4% in September, Fed Rate Cut Expectations Shift

The United States economy shows signs of cooling inflation, with the latest Consumer Price Index (CPI) data revealing a slight decrease in the annual rate. According to the Labor Department’s Bureau of Labor Statistics, inflation dipped to 2.4% in September 2024, down from 2.5% in August. This marks the lowest year-on-year increase since February 2021. […]