U.S. import prices in September posted the largest drop in nine months, as energy and food prices declined, easing inflationary pressures
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U.S. import prices fell by 0.4% in September, the largest drop in nine months, mainly due to declines in energy and food prices, easing inflationary pressures. According to Labor Department data, the revised decline in August was 0.2%. Although producer prices remained unchanged, it is expected to impact the Fed's inflation gauge. The Fed may cut interest rates again next month, but the magnitude is expected to be small, only 25 basis points
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