Investing.com -- Consumer inflation in the U.S. undershot expectations in September, adding ammunition to those arguing for the Federal Reserve to cut interest rates at its policy meeting at the end of this month. The consumer price index was unchanged on the month and rose only 1.7% on the year, compared to expectations of a 0.1% increase and an annual rate of 1.8%.
Core CPI rose 0.1% vs expectations of 0.2%
Annual core CPI remained at 2.4%
EUR/USD at $1.1026 by 8:38 AM ET (1238 GMT), vs $1.1030 before the news