Inflation in September fell to an annual rate of 2.4%, its lowest point since early 2021, as gas and energy costs continued to ease.

US consumer inflation cooled slightly less than expected last month, according to government data published on Thursday, providing further evidence

"CPI might have seemed hot, but PPI was not. Overall, these numbers are getting less impactful as inflation moderates."

NEW YORK -- U.S. stocks edged back from their records Thursday after reports showed inflation was a touch warmer last month than expected and more workers filed for unemployment benefits last week.

After its meeting held on Sept 17 to 18, the US Federal Reserve slashed the target range for the federal funds rate by 50 basis points to 4.75 percent to 5 percent, amid cooling inflation and a weakening labor market. This marks the first rate cut in over four years and signals the start of an easing cycle.

US consumer inflation cooled last month -- though slightly less than expected -- according to government data published Thursday, providing further evidence that price pressures are easing ahead of No

According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index fell to 2.4% year-over-year, slightly above economist expectations of 2.3%. Additionally, core CPI rose to 3.