US CPI Hits 3%, Below Expectations
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US inflation increased to 3% in September, slightly lower than the expected 3.1% and up from 2.9% in August. While prices for food and tariff-affected goods contributed to the rise, inflation growth remains steady but slower than forecasted. This softened inflation rate offers some relief as the economy continues navigating price pressures, signaling a cautiously optimistic outlook ahead for consumers and markets alike. The delayed data comes as the Federal Reserve prepares for its next interest rate decisions soon.