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News in English (USA) / 10.10.2024 / 16:00

Inflation and Job Market Update

Inflation rates in the U.S. showed a rise to 2.4% in September, surpassing expectations and marking the lowest point since February 2021, even as some price pressures persist. Jobless claims also hit their highest level since August, raising concerns about the labor market's health. This data has impacted the stock market, with indices like the S&P 500 experiencing declines following the inflation report. Analysts suggest that despite signs of cooling inflation, the slightly higher-than-expected rate may dim hopes for significant cuts to interest rates by the Federal Reserve.
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