The September Consumer Price Index (CPI) increased to 3% compared to a year ago according to the U.S. Bureau of Labor Statistics—but the Federal Reserve is still all but certain to proceed with a rate cut next week. This marks the first set of significant data markers since the government shutdown. Federal data has been largely paused since the shutdown started Oct. 1. Today’s delayed CPI is the lone inflation marker before the Federal Reserve is set to start its two-days of meetings next week, Oct. 28–29. Headline inflation, which measures overall consumer prices, rose at the fastest pace since January and up 2.9%…
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