(CNN)– Inflation cooled even more last month ahead of a possible rate cut. Inflation is now just shy of the Federal Reserve’s 2% target. According to the Commerce Department’s data released on Wednesday, Oct. 30, the personal consumption expenditures price index showed prices rose 2.1% for the year ending in September. That is down from 2.3% in August. The annual increase fell right in line with what economists were expecting. Categories: News Tags: U.S. economy