US inflation falls to 8.2% in September
Rising inflation numbers have been well complemented by rising interest rate announcements by most central banks around the world. The hawkish stance of most governments has proven to be burdensome for consumers. The US Bureau of Labor Statistics just released its Consumer Price Index numbers. Inflation for September dropped to 8.2%, the lowest since February this year. BREAKING: 🇺🇸 US inflation falls to 8.2%, the lowest since February 2022. — Watcher.Guru (@WatcherGuru) October 13, 2022 The released numbers will by and large dictate the US Fed’s actions on sticking to aggressive monetary tightening during its upcoming meeting at the beginning of November. Experts believe the central bank will implement another 75 basis point rate hike in the next meeting. The minutes of the latest meeting released a day back noted, “Several participants noted that, particularly in the current highly uncertain global economic and financial env...