CPI, federal reserve
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1don MSN
CPI report shows inflation continued to climb in September, although at a cooler pace than forecast
Inflation last month rose at an annual rate of 3%, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.
BLS releases US CPI data for September, making it a key report for Fed's interest rate decision as shutdown halts other data.
A big unknown ahead of the September CPI is how much the government shutdown, which started Oct. 1, impacts the data. Ten days later, statisticians at the Bureau of Labor Statistics were called back to work to complete the report.
The inflation rate rose to 3% in September, just shy of what experts expected, according to the Consumer Price Index report released Friday.
Friday's consumer-price index report likely leaves the Federal Reserve on course to cut interest rates next week and to maintain a soft bias favoring another cut at the meeting after that. Fed leaders
The softer-than-expected CPI report cemented expectations that the Federal Reserve will lower interest rates next week, but nothing is certain for December, economists said. Richard Moody, chief economist at Regions Financial,