The Financial Times article discusses the latest US inflation figures, revealing that inflation fell to 2.4% in September, exceeding expectations. Despite this decline, "core" inflation, which excludes volatile food and energy prices, rose faster than anticipated. This news further solidified expectations that the Federal Reserve would cut interest rates by a quarter point at its next meeting in November. The article also highlights recent job market data, showing an unexpected surge in jobs growth in September, with unemployment rates falling to 4.1%. The article concludes by suggesting that while inflation has come down significantly from its peak, controlling "shelter" inflation remains a key factor in the Fed's efforts to achieve its inflation target.