👉CPI fell to 2.5% as expected, compared to 2.9% in the previous period.
👉This is the lowest level since February 2021.
👉However, Core CPI on a monthly basis increased to 0.3%, compared to 0.2% in the previous month.
👉The main reason came from the increase in car insurance prices and housing prices.
After this news, the rate of the FED cutting interest rates by 0.25% next week is up to 93%.
Tonight, there is also PPI news and EUR interest rates.