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The Federal Reserve will begin its two-day policy meeting only a day after the U.S. presidential election on Tuesday
Central bank lowered the projected inflation rate for fiscal 2025 from 2.1 percent to 1.9 percent, below the bank's price stability goal of 2 percent
September's figure marked the lowest inflation level since February 2021 when consumer prices grew 1.4 percent
Inflation fell to 1.1 percent in August from 1.4 percent in May, partly due to a stronger Swiss francÂ
Currency's significant recovery last month impacted the import price index, which rose 2.6 percent after a 10.8 percent surge in July
CPI showed annual inflation fell by 0.4 points to a lower-than-expected 2.5 percent
This follows a GDP increase of 0.3 percent in both regions during the Q1 2024
The inflation landscape is gradually improving, highlighting the progress toward the ECB's 2 percent target
The government noted that consumption is rising as shipping disruptions at some automakers easeÂ
This growth marks a strong rebound from a sluggish 1.4 percent increase in Q1 2024Â
The upside risks to U.S. inflation have diminished while the downside risks to employment have increased
The reading was expected to remain unchanged at 49.1
Central bank officials agreed to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent during the July meeting
Core inflation, excluding food and energy, held steady at 2.9 percent despite overall inflation rising
This growth rate represents the largest increase since the first quarter of 2021
The total number of employed and self-employed individuals rose to 46.1 million
Fed rate cut likely as inflation continues to decline
RBA sees easing wage pressures, but inflation battle persists
The increase, although expected, was slightly smaller than the 2.3 percent rise anticipated by analysts
The corporate goods price index hit a record high of 123.1, marking the eighth straight month of increases
Energy prices fell 1.7 percent YoY, while food prices rose 1.3 percent
The report projected 2.1 percent U.S. economic growth in 2024, down from 2.5 percent in 2023
The eurozone's service sector inflation declined to 4 percent from 4.1 percent in June
The central bank raised its short-term policy rate to levels not seen since 2008, defying market expectations
