After being delayed due to the U.S. federal government shutdown, the highly anticipated inflation report finally came out on Friday morning, providing the Federal Reserve just enough breathing room to maintain its rate-cutting process ahead of next week's meeting. The year-over-year increase in prices in September was 3%, slightly higher than August but slightly lower than market expectations. Food and gasoline prices rose, while housing costs eased. Core inflation, excluding food and energy, increased by only 0.2% month-on-month, the slowest growth in three months, and was also restrained by the key indicator for housing costs, which saw the smallest rise since early 2021. Overall, this was a "moderate" report, a welcome development for the Federal Reserve, as the institution had almost no access to economic data during the government shutdown.
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Original article: www.toutiao.com/article/1846931532997642/
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