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Softer-than-expected US inflation renews rate-cut hopes ahead of Fed meeting
US core inflation in September came in at 0.
The US consumer-price index for September rose only 0.2 % m/m excluding food and energy—softer than analysts had expected—giving the Federal Reserve room to consider a rate cut beyond its upcoming meeting. The delay in data release was attributed to the government shutdown. Analysts argue that the unexpected slide may re-ignite hopes of a more accommodative policy stance, which in turn could support risk assets and curb USD strength. Market watchers are closely tracking any forward guidance from the Fed and its impact on yield curves, equity flows and global FX dynamics.