{
  "id": 10949308,
  "title": "Canadian Dollar gains as US inflation cools Fed October rate hike bets",
  "url": "https://urgent.news/2026/09/30/canadian-dollar-gains-as-us-inflation-cools-fed-october-rate-hike-bets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T13:16:04.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/canadian-dollar-gains-as-us-inflation-cools-fed-october-rate-hike-bets-202609301316"
  },
  "original_language": "en",
  "account": "The Canadian Dollar gained against the US Dollar as inflation data from the US cooled expectations of a further Federal Reserve rate hike in October. After the US Personal Consumption Expenditures (PCE) Price Index came in unchanged at 3.4% in August, lower than the 3.7% expected, investors reassessed the Fed's timing for tightening monetary policy. The softer-than-anticipated inflation figures contributed to a stronger economic backdrop, with the US private sector adding more jobs than anticipated in September and annualized GDP growth for the second quarter revised higher. As a result, markets now assign a 37% chance of a rate hike in October, down from nearly 51% a day earlier. This shift in expectations weighed on the US Dollar, causing it to lose 0.21% to trade around 101.20, while the Canadian Dollar rebounded from its daily low of 1.4155.",
  "summary": "USD/CAD declines 0.08% on Wednesday and trades around 1.4180 at the time of writing, after touching a daily low of 1.4155 in the wake of the US inflation data. The pair recovers part of its losses as investors reassess the timing of a potential further tightening by the Federal Reserve (Fed).",
  "key_points": [
    "Canadian Dollar strengthens as US inflation falls below expectations",
    "US PCE Price Index unchanged at 3.4% in August, lower than 3.7% forecast",
    "Probability of October Fed rate hike drops to 37%"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Japanese Yen advances as US PCE shifts Fed rate hike bets toward December",
        "url": "https://urgent.news/2026/09/30/japanese-yen-advances-as-us-pce-shifts-fed-rate-hike-bets-toward",
        "published": "2026-09-30T14:10:24.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}