US Inflation Grows 3% Yr-on-Yr in September, Giving Fed Impetus for Rate Cut

NAMPA / Sputnik

2025-10-24

WASHINGTON, October 24 (RIA Novosti) - Inflation in America grew 3% year-on-year in September, a tad higher than in August but also notch below market expectations, according to data on Friday that appeared to give the US central bank the impetus for another interest rate cut. The US Bureau of Labor Statistics reported that the Consumer Price Index, or CPI, rose 0.3% in September, after rising 0.4% in August, bringing the annual rate of inflat......

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