US Inflation Rate Falls to 2.3% in September

Recent inflation reports indicate a downward trend in the US, with the Consumer Price Index expected to show a 2.3% annual increase for September, down from 2.5% in August, marking the lowest inflation since February 2021. This decline may create conditions favorable for a Federal Reserve rate cut, as the economy also demonstrates solid growth and declining unemployment rates. Meanwhile, the Reserve Bank of India forecasts consumer price inflation to reduce to 4.1% for the next fiscal year, bolstered by favorable monsoon conditions and improved supply. In Pakistan, inflation dropped to 6.9% in September, the lowest in 44 months, prompting expectations for further reductions in both inflation and policy rates. The economic landscape in these regions suggests a potential easing of monetary policy, driven by improving inflation rates and solid economic indicators.