US inflation rises less than expected to 3% in September
Figure paves way for expected Federal Reserve rate cut next week
Figure paves way for expected Federal Reserve rate cut next week

Data release comes after Fed held interest rates last month

Figures suggest cost pressures are being contained even as price growth remains above Fed’s target

Trade war fuels price pressures ahead of Federal Reserve meeting next week

Figure prompts traders to increase bets on Bank of England interest rate cut this year and sparks gilt rally

Figure comes despite Trump tariffs and keeps Fed on track for rate cut

Economists polled by FT do not expect interest rate cut this year