finance economics

JPMorgan Chase's profits in the third quarter declined due to $3.11 billion in provisions for bad debts offsetting the income from its investment banking sector

The U.S. September CPI annual increase of 2.4% hit a three-and-a-half-year low, increasing the chances of the Fed cutting rates again next month

2024/10/11

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The Consumer Price Index (CPI) in the United States for September saw a slightly higher-than-expected increase, but the annual growth rate is the lowest it has been in over three and a half years, which may lead the Federal Reserve to consider another interest rate cut next month.

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According to the Bureau of Labor Statistics of the U.S. Department of Labor, the CPI rose by 0.2% in September, continuing the 0.2% increase from August. The CPI rose 2.4% over the past 12 months, marking the lowest annual increase since February 2021, compared to 2.

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