PANews reported on October 24th, citing the Financial Times, that US inflation rose to 3% in September, a lower-than-expected increase, opening the door for the Federal Reserve to cut interest rates again next week. Data released by the Bureau of Labor Statistics on Friday showed that the Consumer Price Index rose 3% year-on-year in September, a rebound from 2.9% in August, but below market expectations of 3.1%. This data reinforced market expectations that the Federal Reserve will continue to cut interest rates at its two remaining meetings this year, leading to a slight decline in the US dollar and Treasury yields. The data, delayed due to the US government shutdown, comes just before the Federal Reserve's policy meeting next Tuesday and Wednesday. The market generally expects the Fed to cut interest rates by another 25 basis points.PANews reported on October 24th, citing the Financial Times, that US inflation rose to 3% in September, a lower-than-expected increase, opening the door for the Federal Reserve to cut interest rates again next week. Data released by the Bureau of Labor Statistics on Friday showed that the Consumer Price Index rose 3% year-on-year in September, a rebound from 2.9% in August, but below market expectations of 3.1%. This data reinforced market expectations that the Federal Reserve will continue to cut interest rates at its two remaining meetings this year, leading to a slight decline in the US dollar and Treasury yields. The data, delayed due to the US government shutdown, comes just before the Federal Reserve's policy meeting next Tuesday and Wednesday. The market generally expects the Fed to cut interest rates by another 25 basis points.