Inflation in the United States showed signs of easing in September, with the Consumer Price Index (CPI) rising 2.4% from the previous year, marking the smallest annual increase since February 2021. While core inflation, excluding volatile food and energy costs, remained elevated at 3.3%, a slower growth in apartment rental costs indicates a cooling in housing inflation. The Denver-Aurora-Lakewood area reported a notably low inflation rate of 1.4%, attributed to a cooling housing market, and energy costs fell by 8.7% in the region. Shelter inflation remains a concern as rents and homeowner costs rose by 4.8% and 5.2%, respectively, despite a slowing in rent increases. The Federal Reserve remains optimistic about further declines in housing inflation, supported by new rental data that suggest a downward trend. These developments could influence the Fed's decision to maintain or adjust interest rates, with current discussions indicating a shift towards easier monetary policy.