Inflation slowed in September

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% on a seasonally adjusted basis in September, after rising 0.4% in August, the U.S. Bureau of Labor Statistics reported Friday.

“Both core and headline inflation grew at slower pace in September than they did in August. The numbers also came in below consensus expectation. Core inflation, which excludes volatile energy and food prices, came down a bit on annual basis for the first time since March,” said America's Credit Unions Senior Economist Dawit Kebede. “The slower-than-expected price growth is good news for the Federal Reserve. It should help them continue cutting interest rates as the job market weakens. So far, the tariff impact has stayed modest and gradual. Credit unions remain trusted providers of affordable financial solutions for their members even in this high-cost environment.”