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CPI Rises 0.2% in September, Driven by Shelter and Food PricesThe 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.
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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.
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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.
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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.
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German Inflation Rate Projected at 1.6% for SeptemberConsumer prices in Germany held steady in September, but core inflation rose.
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