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The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.2 percent in September on a seasonally adjusted basis, mirroring the rises in August and July, according to the U.S. Bureau of Labor Statistics.
Detail Fed Officials Favor 50 Basis Point Rate Cut Amid Economic WeaknessIn the latest Federal Open Market Committee (FOMC) meeting, a majority of Federal Reserve officials supported a 50 basis point rate cut, citing inflation moving closer to the Fed's target and a weakening labor market as key factors. This group believed a larger reduction was necessary to stabilize the economy.
Detail US Manufacturing PMI Hits Lowest Point Since JuneUS manufacturing contracted further in September as output and new orders dropped amid weak demand and political uncertainty.
Detail Eurozone Inflation Eases to Lowest Level in Over Three YearsEurozone inflation falls to 1.8% in September, the lowest since 2021, with notable drops in energy and steady growth in services and essentials.
Detail German Inflation Rate Projected at 1.6% for SeptemberConsumer prices in Germany held steady in September, but core inflation rose.
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