Financial Times on Nostr: US inflation fell to 2.4% in September ========== US inflation decreased to 2.4% in ...
US inflation fell to 2.4% in September
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US inflation decreased to 2.4% in September 2024; this figure exceeded expectations and solidified predictions of a quarter-point interest rate cut by the Federal Reserve at its November meeting; the inflation data was released before the November 5 presidential election; the Fed had previously cut rates by half a point in the prior month; the US jobs report indicated 254,000 new jobs added in September, with the unemployment rate dropping to 4.1%; investors reacted to the inflation and job data by increasing bets on a rate cut.
#UsInflation #FederalReserve #InterestRates #September2024 #Unemployment #JobsReport #EconomicData #PresidentialElection
https://www.ft.com/content/9f122d16-79f0-4122-a17f-59d1c11c94af
==========
US inflation decreased to 2.4% in September 2024; this figure exceeded expectations and solidified predictions of a quarter-point interest rate cut by the Federal Reserve at its November meeting; the inflation data was released before the November 5 presidential election; the Fed had previously cut rates by half a point in the prior month; the US jobs report indicated 254,000 new jobs added in September, with the unemployment rate dropping to 4.1%; investors reacted to the inflation and job data by increasing bets on a rate cut.
#UsInflation #FederalReserve #InterestRates #September2024 #Unemployment #JobsReport #EconomicData #PresidentialElection
https://www.ft.com/content/9f122d16-79f0-4122-a17f-59d1c11c94af