Down but not out; US CPI higher than expected in September

10 October 2024

 

Summary: US CPI up 0.2% in September, in line with expectations; annual inflation rate slows from 2.6% to 2.4%; “core” rate up 0.3%, up 3.3% over year; Westpac: report a reminder inflation is down but not yet out; US Treasury yields generally fall; rate-cut expectations firm; non-energy services again main driver of overall result. The annual rate of US inflation as measured by changes in the consumer price index (CPI)...

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