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

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.