US EditionU.S. inflation declined more in August as Fed readies to cut interest rates next week
- Headline inflation was at 2.5% in August, slightly below economist predictions of 2.6%, as reported by the Bureau of Labor Statistics.
- Core inflation stood at 3.2%, matching forecasts and July's figures, with both headline and core inflation rising 0.2% from July to August.
- Inflation in August marks a decline from July’s 2.9%, remaining above the Federal Reserve’s long-term target of 2%.
123 Articles
123 Articles
Inflation In US Falls To Lowest Level In Over 3 Years: The Impact
US inflation fell to 2.5 per cent in August, setting the stage for the Federal Reserve to start cutting interest rates gradually at its meeting next week. NDTV's Parmeshwar Bawa is in conversation with Business Economist Sanchita Mukherjee to decode the impact.
New Hampshire Union Leader
The Washington PostInflation drops to lowest level since Feb. 2021 as Fed plans rate cut
Inflation eased again in August, dropping to the lowest level in more than three years and locking in expectations that the Federal Reserve will cut interest rates next week for the first time since the pandemic’s early days.
Inflation falls to its lowest level in more than 3 years. Here's what that means.
Consumer prices rose 2.5% in August from a year ago, the smallest annual increase since early 2001. (Spencer Platt/Getty Images North America) Inflation fell to its lowest level in three and a half years in August, clearing the way for the Federal Reserve to start cutting interest rates next week. Consumer prices in August were up 2.5% from a year ago, according to a report from the Labor Department Wednesday. That’s the smallest annual increase…
Inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates – Usa news
WASHINGTON — The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the final weeks of the presidential race. Wednesday’s report from the Labor Department showed that consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. It was the fifth straigh…
U.S. inflation rate reaches 3-year low but Long Island's rate remains higher as Fed prepares rate cuts
Although prices are increasing faster in the metropolitan area, which includes Long Island, the annual inflation rate locally was still the lowest it has been since March.
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