The U.S. inflation rate rose to 3% in September, providing a basis for the Federal Reserve to cut interest rates

ChainCatcher news, according to Jinshi reports, the U.S. Consumer Price Index in September rose by 3% year-on-year, lower than the market expectation of 3.1%, and up from 2.9% in August. This data opens the door for the Federal Reserve to continue cutting interest rates next week, with the market widely expecting the Fed to cut rates by another 25 basis points at this policy meeting. The U.S. dollar and Treasury yields subsequently fell slightly.