US: Inflation figures increase hopes for interest rate cut

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US: Inflation figures increase hopes for interest rate cut
Photo: Nam Y Huh/AP/TT

PCE inflation, which excludes energy and food price increases, stood at 2.8 percent in September, year-on-year. Forecasts were for 2.9 percent.

The figures were delayed due to the prolonged government shutdown in the US.

Leading indexes on Wall Street reacted with slight increases.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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