Investing.com – The inflation report showed that the Consumer Price Index (CPI) fell to 2.4% in September, from 2.5% in August, when the market expected 2.3 %. Over one month, the CPI increased by 0.2%, as in August.
The core index, which excludes food and energy prices, rose 3.3% year-on-year, beating forecasts of 3.2%, with a monthly increase of 0.3%.
In response, stock index futures fell, the S&P 500 lost 17.50 points (0.3%), the S&P 500 fell 93 points and the Nasdaq-100 fell 0.4%.
The dollar edged down 0.1% to 102.80. The yield on the 10-year Treasury bond rose three basis points, to about 4.09%. Gold rose above $2,620.
Regan Capital’s Skyler Weinand said recent inflation and employment data could prompt the Federal Reserve to pause interest rate cuts for now.
However, labor market data was worse than expected. This could push the Fed to consider the impact of its monetary policy on the job market.
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