If there was any doubt that the Federal Reserve’s half-point interest rate cut was the right move, those doubts are fading, and there’s reason to support another cut in the coming months.

That’s because the U.S. Bureau of Labor Statistics’s Consumer Price Index (CPI) for September fell by 0.1 percentage points compared to August and sits at a measured 2.4% year-over-year. Year-over-year core inflation — which omits food and energy costs — rose 3.3%, which is 0.1 percentage points higher than August.

The year-over-year number for shelter costs — which is weighted a third of the index — also fell details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com