Analysts say the U.S. CPI has increased the reason for the Federal Reserve to cut interest rates by 25BP next month

Analyst: Overall U.S. inflation was also a tenth of a percentage point higher in September at a monthly rate of 0.2%, adding to the case for a 25 basis point rate cut next month instead of 50 basis points. Meanwhile, initial jobless claims surged by 258,000, but this will be affected by factors such as hurricanes.