Citi: Core inflation expected to cool in September
Jinse Finance reported that Citi economists expect the core CPI to rise by 0.28% in September, lower than August's 0.35%. Although tariffs may keep goods prices firm, a slowdown in housing inflation should help ease overall service inflation. A government shutdown may delay the release of data, but Citi stated that a weakening labor market and cooling housing prices have reduced the risk of persistent inflation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The U.S. Bureau of Labor Statistics will release the September CPI report during the government shutdown.
The US Dollar Index rose by 0.63% on the 9th.
Massachusetts Bitcoin Reserve Bill Hearing Receives Lukewarm Response