U.S. inflation last month likely reached its lowest point since February 2021, clearing the way for another Federal Reserve rate cut and adding to the stream of encouraging economic data that has emerged in the final weeks of the presidential campaign.

Economist Paul Ashworth of Capital Economics noted in a commentary that Friday's report on producer prices suggested the September PCE inflation index would increase by 0.2 percen

Wholesale prices in the United States were unchanged last month in another sign that inflation is returning to something close to normal after years of pressuring America’s households in the wake of C