US inflation slowdown raises policy challenges

UK inflation

US inflation slowed to 2% in September, its lowest level since February, the Bureau of Economic Analysis reported on October 29.

The latest data may alter the balance of views among Federal Open Market Committee (FOMC) members, who must decide whether to continue normalising rates at their November 7–8 meeting.

The Federal Reserve has been increasing its policy rate as the economic data has shown signs of GDP, employment and wage growth returning to more normal levels. The central bank has

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