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Cooling CPI Strengthens Case for Fed’s First Rate Cut Since 2023
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Sub-target CPI data reinforces likelihood of a Fed rate cut at the October 29 meeting, boosting soft-landing confidence.
The latest U.S. consumer price index came in below forecasts for a third consecutive month, cementing expectations that the Federal Reserve will deliver a 25-bps rate cut on October 29. Economists see easing inflation as proof of policy success without recession risk. However, some strategists caution that labor-market rigidity could delay deeper cuts. Traders have fully priced in at least two reductions by December.