August Inflation Slows to Lowest Rate Since 2021, Setting the Stage for Federal Reserve Rate Cut
In August, consumer prices experienced a moderate rise of 0.2%, signaling a continuing trend of easing inflationary pressures. This marks the lowest annual inflation rate since February 2021, according to a report from the U.S. Labor Department. The data comes ahead of a highly anticipated quarter-percentage-point rate cut from the Federal Reserve, expected next week. … Read more