US Inflation Holds at 2.4% in September

US consumer prices rose by 0.2% in September, maintaining the annual inflation rate at 2.4%, slightly above expectations but lower than August's 2.5%. This moderation in inflation could encourage the Federal Reserve to consider another interest rate cut in November, with markets anticipating a 90% chance of a quarter-point reduction. While core inflation, excluding food and energy, edged up to 3.3%, rising costs in food and shelter continue to exert inflationary pressure. The economic landscape is mixed, characterized by solid job growth and a 4.1% unemployment rate, although jobless claims have recently spiked. These economic indicators may influence the upcoming presidential election, as Vice President Kamala Harris seeks to improve her standing against Donald Trump amid public discontent over rising costs. The Fed's ongoing adjustments will aim to support growth while tackling inflation concerns, reflecting a cautious approach in uncertain economic conditions.