Inflation cooled for a sixth straight month in September, dropping to its lowest level since February 2021. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index fell to 2.4% year-over-year, slightly above economist expectations of 2.3%.

Inflation, as measured by the producer price index, fell a tenth of a percentage point to 1.8% for the year ending in September, the Bureau of Labor Statistics reported Friday, in good news for the Federal Reserve and Vice President Kamala Harris.

China's consumer inflation unexpectedly eased in September, while producer price deflation deepened, heightening pressure on Beijing to roll out more stimulus measures quickly to revive flagging demand and shaky economic activity.