On Thursday, U.S. data revealed that the overall Consumer Price Index (CPI) for September was 2.4%, slightly above the expected 2.3%, but lower than the previous figure of 2.5%. However, core CPI for September came in at 3.3%, surpassing both the expected 3.2% and the prior value of 3.2%. Additionally, initial jobless claims for the week reached 258,000, significantly higher than the expected 230,000 and the previous week's 225,000. The uptick in core inflation and unexpected jobless claims are intensifying market volatility, as speculation grows around potential Federal Reserve interest rate cuts.