US September inflation rate rises to 3%, providing grounds for Fed rate cuts

According to ChainCatcher, citing Jinse Finance, the U.S. Consumer Price Index (CPI) for September rose by 3% year-on-year, lower than the market expectation of 3.1%, and up from 2.9% in August. This data paves the way for the Federal Reserve to continue cutting interest rates next week, with the market widely expecting the Fed to cut rates by another 25 basis points at this policy meeting. The U.S. dollar and Treasury yields edged down slightly as a result.