US inflation is set to reassure a labour market-focused Fed
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US inflation is expected to rise 0.1% in September 2024, the smallest gain in three months; CPI likely rose 2.3% year-over-year, marking the sixth consecutive slowdown; the Bureau of Labor Statistics will release the CPI report on October 10, 2024; core CPI projected to increase 0.2% month-over-month and 3.2% year-over-year; Fed chair Jerome Powell indicated quarter-point rate cuts at the final two meetings of 2024; Neel Kashkari, Alberto Musalem, Adriana Kugler, Raphael Bostic, and Lorie Logan are among Fed officials speaking next week; Canada will release its final jobs report before the Bank of Canada rate decision; Reserve Bank of New Zealand expected to cut rates by 0.5% to 4.75% on October 9, 2024; Bank of Korea likely to trim its rate by 0.25% on October 11, 2024; inflation in Egypt was 26% in September; Kenya's monetary policy committee expected to reduce its key rate to 12.25% on October 8, 2024.
#UsInflation #FederalReserve #Cpi #InterestRates #EconomicPolicy #GlobalCentralBanks #JobMarket #MonetaryPolicy #Canada #Asia
https://theedgemalaysia.com/node/729159
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