US stock market declines, yen rises against the dollar - Uncertainty about the next move by the Federal Reserve

October 11, 2024 5:47 JST (excerpt)
Exceeding CPI expectations, new jobless claims at a one-year high level
Atlanta Fed President speaks openly about postponing rate cut in November

On October 10, the US stock market fell. While the September Consumer Price Index (CPI) exceeded market expectations, another statistic showed a slowdown in the labor market, leading to further intensification of discussions on rate cuts at the Federal Open Market Committee (FOMC) meeting in November.