📊 U.S. inflation cools slightly — CPI up 0.3% MoM, 3% YoY
Key points:
ㆍInflation still above Fed’s 2% goal but easing
ㆍCore CPI (ex-food & energy): +0.2% MoM, +3% YoY
ㆍMarkets expect Fed rate cuts soon — possibly next week & again in Dec
ㆍShelter costs slow to +0.2%, smallest rent gain since 2020
ㆍTariff & immigration effects mixed — apparel +0.7%, phones -2.2%
Takeaway:
Inflation is moderating, but the Fed isn’t done yet. 👀