đ¨ US Inflation Drops to 2.4% in September 2024 â Fed Rate Cuts on the Horizon? đđ¸
In a key economic shift, US inflation fell to 2.4% this September, marking a second consecutive month of cooling! đĽ This move inches the economy closer to the Fedâs 2% target and sparks renewed optimism for rate cuts. âď¸đ
With inflation at 2.5% in August, the Fed made its first rate cut in four years. Now, with Septemberâs dip, analysts are buzzing about another potential 0.5% rate cut in November! đ But watch outârising oil prices could complicate the road ahead. đ˘ď¸
Fed Chair Adriana Kugler has signaled support for further cuts if this trend continues, raising hopes for a smoother landing. đ
Can the Fed balance it out and push inflation to 2%? Only time will tell! âł
