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US Inflation Holds at 3% as Federal Reserve Eyes Rate Cuts
US inflation held at 3%, sustaining Fed caution even as markets expect rate cuts later this year.
In the latest update, US consumer inflation for September rose 3.0% year‑on‑year, up from 2.9% in August, keeping pressure on the Fed’s inflation target.
The central bank remains cautious: even as inflation edges lower, the job market is showing signs of cooling. Markets now bet on rate cuts later in the year, though the Fed warns of sticky price pressures.
For global markets and emerging‑economy currencies like the rupee, the message is clear: interest‑rate relief may come but only once inflation trends sustainably closer to the 2% target.