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Benzinga
  • 12 hours ago
U.S. inflation eased in September, strengthening expectations of Fed rate cuts in October and December. Softer energy and housing costs drove the decline, giving policymakers leeway to support a slowing economy.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:03U.S. inflation came in softer than expected for September, boosting investor confidence
00:07that the Federal Reserve will begin cutting interest rates according to the street.
00:12The CPI report showed moderating price pressures,
00:15giving policymakers room to focus on a slowing labor market.
00:19Economists expect a 25 basis point rate cut at the October meeting this week,
00:24and a near 100% chance of another in December.
00:27Analysts see this as part of the Fed's insurance cuts
00:31to cushion the economy from slowing growth, tariffs, and weakening hiring.
00:36Easing energy, housing, and transportation costs drove the softer inflation reading,
00:41though economists warn that service and tariff-linked goods prices remain stubbornly high.
00:46For all things money, visit Benzinga.com.
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