Inflation Shows Signs of Cooling But Persistent Challenges Remain for Consumers

New inflation data out Thursday expected to show cooling prices; overall inflation up just 0.2% in September, 3.6% annually.

Core inflation, minus food and energy, seen rising 4.1% annually in September.

Fed raised rates sharply this year to control inflation, now in wait-and-see mode.

Further inflation slowdown could influence Fed's decision on future rate hikes.

Challenges persist for consumers with high mortgage rates, student loans, and shrinking savings.