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US inflation rises in September; economy grows faster than expected in Q3

Market News
29 Oct 2026, 15:32 WIB
CNBC
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Neutral
US inflation rises in September; economy grows faster than expected in Q3

In September, US inflation increased by 0.5%, keeping the annual rate at 3.6%, above the Federal Reserve's 2% target. The core inflation rate, excluding food and energy, rose 0.3% monthly and 3.1% annually, signaling persistent inflation pressures. Meanwhile, the US economy grew at a strong 3.4% annualized rate in the third quarter, surpassing expectations. Despite inflation concerns, the Fed held interest rates steady, emphasizing a data-driven approach before future moves.

The third-quarter U.S. GDP growth of 3.4% sets the stage for this economic update. For readers following U.S. stocks, here is Pluang's market snapshot as of Oct 29, 2026 18:51 WIB: Among 150 priced US stocks, 81 rose and 69 fell. Notable movers include SNOW at USD 325.55 with a 1-day change of -4.22% and Pluang order activity of 97% Sell, ASX at USD 42.19 down 3.94% with 80% Sell orders, and RCL at USD 309.75 up 3.84% with 100% Buy orders. This reflects a mixed trading day on the platform.

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