President Donald Trump speaks during a signing ceremony with Rwanda's President Paul Kagame and Democratic Republic of Congo President Felix-Antoine Tshisekedi at the Donald J. Trump Institute of Peace, Thursday, Dec. 4, 2025, in Washington. (AP Photo/Evan Vucci)2025-12-05T15:15:23Z WASHINGTON (AP) The Federal Reserves preferred measure of inflation slowed a bit in September, likely easing the way to a widely expected interest rate cut by the central bank next week.Prices rose 0.3% in September from August, the Commerce Department said Friday, the same as the previous month. Excluding the volatile food and energy categories, core prices rose 0.2% in September from August, the same as the previous month and a pace that if it continued for a year would bring inflation closer to the Feds 2% target.Compared with a year ago, overall prices rose 2.8%, up slightly from 2.7% in August. Core prices also rose 2.8% from a year earlier, a small decline from the previous months figure of 2.9%.The data, which was delayed for five weeks by the government shutdown, show that inflation was muted in September and will bolster the case for a cut to the Feds key interest rate at its next meeting Dec. 9-10. Inflation remains above the central banks 2% target, partly because of President Donald Trumps tariffs, but many Fed officials argue that weak hiring, modest economic growth, and slowing wage gains will steadily reduce price gains in the coming months.The Fed is facing a tricky decision next week: It would typically keep rates high to fight inflation. At the same time, it is worried about weak hiring and a slowly rising unemployment rate. It hopes that reducing rates will spur more borrowing and boost the economy. CHRISTOPHER RUGABER Rugaber has covered the Federal Reserve and the U.S. economy for the AP for 16 years. He is a two-time finalist for the Gerald Loeb award for business reporting. twitter mailto