New Delhi, Oct. 24 -- Core cools, shelter softens, and markets price in a near-term Fed cut after a 3% September CPI.

Washington - US inflation edged back to 3.0 percent in September while a crucial measure of underlying pressures cooled, a mixed result that cheered Wall Street and strengthened expectations that the Federal Reserve will lower interest rates again within days. The consumer price index rose 0.3 percent from August, a touch slower than the prior month, as cheaper electricity and natural gas partially offset a pop in gasoline. Core inflation, which strips out food and energy, advanced 0.2 percent, the third-straight month of subdued gains and a sign that the long, uneven comedown from the pandemic spike is regaining traction...