CPI Report Shows Cooling Inflation, Boosting Crypto Market

The September Consumer Price Index (CPI) came in softer than anticipated, rising just 0.2% month-over-month and reflecting a continued easing of inflationary pressures. The annual inflation rate stood at 3.0%, slightly below the expected 3.1%. This slower pace of price increases was driven by moderate rises in gasoline and shelter costs, indicating that the US economy is stabilizing rather than overheating. Analysts see this deceleration as good news for policymakers who are facing a difficult balancing act between fighting inflation and supporting economic growth.