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Hotter-than-expected inflation dents odds of more Fed rate cuts

September's consumer price index was expected to show inflation still cooling.

By: Business Insider

Oct 12 2024
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6296 Views

Hotter-than-expected inflation dents odds of more Fed rate cuts — Hotter-than-expected inflation

Hyoung Chang/ Getty Images

Inflation cooled in September, but less than economists expected.
The consumer price index increased 2.4% over the year, above the forecast of 2.3%.

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