The translation of the heading is: "Inflation Falls to Lowest Level Since 2021: Hope for Interest Rate Cut

The latest news from Great Britain has thrown financial markets into turmoil: the annual inflation rate has dropped to 1.7%, the lowest level since April 2021. This is primarily due to a decline in the transport sector, particularly in air travel and car travel costs. Airfares saw a decrease of 34.8%, marking the fifth-largest drop since records began in 2001. In addition, gasoline prices fell by 5.5 pence per liter between August and September, now standing at 136.8 pence per liter—a significant drop from 153.6 pence in September 2023. On the other hand, there were exceptions: food and non-alcoholic beverages contributed to inflation with an increase of 1.8%, compared to 1.3% in August. This is the first rise in this index since March 2023. In light of these figures, hopes for a rate cut in November are rising, as core inflation also fell below expectations at 3.2%, down from 3.6% previously. This development led to a slight weakening of the pound to $1.302 following the ONS update. Meanwhile, U.S. markets retreated from their record highs as investors digested the latest releases from the country's major banks. The Dow Jones Industrial Average fell by 0.8%, with Citigroup shares dropping by 5% following their results. The S&P 500 and Nasdaq declined by 0.8% and 1%, respectively. The FTSE 100 also closed down 0.5%, due to weaker BP and Shell stocks after the Brent crude price fell by 5%. The London benchmark index is expected to open unchanged this morning, while the oil price slightly increased to $74.44 per barrel. The pound is holding at $1.307 ahead of today's inflation announcement.