The US CPI rose slightly less than expected in September, and the prospect of the Federal Reserve cutting interest rates next week is more clear

The U.S. Consumer Price Index (CPI) rose slightly less than expected in September, paving the way for another interest rate cut by the Federal Reserve next week. The U.S. Labor Department said on Friday that the CPI rose 0.3% month-over-month in September, following a 0.4% increase in August. The annual rate of increase was 3.0%, a slight increase from the 2.9% increase in August.