1253 GMT - The dollar turns lower after data showed U.S. headline inflation accelerated less than forecast and core inflation unexpectedly eased in September, firming expectations for further interest-rate cuts. Inflation rose to an annual rate of 3.0% in September from 2.9% in August. Economists in a WSJ survey had expected inflation to reach 3.1%. Core inflation eased to 3.0% from 3.1%, against expectations for it to remain unchanged. The data cement bets that the Federal Reserve will deliver another 25 basis-point rate cut on Wednesday, with the market pricing in 99% chance of this, compared to 94% before the data, according to LSEG. The DXY dollar index falls to an intraday low of 98.728 after the data from 99.038 beforehand. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
October 24, 2025 08:53 ET (12:53 GMT)
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