The drop to 2.4% inflation, below the expected 2.6%, suggests the U.S. economy might be cooling faster than anticipated. This could reflect easing supply chain pressures, softer consumer demand, or energy prices stabilizing—though specifics depend on the data breakdown (e.g., core CPI vs. headline). The Federal Reserve will likely see this as a green light to slow rate hikes or pivot sooner, assuming no major shocks. Markets might react with a relief rally, especially in growth stocks, but it’s worth watching for revisions or one-off factors like base effects that could skew the number.
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