U.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%.
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Coverage Details
Total News Sources0
Leaning Left25Leaning Right12Center42Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 32%
C 53%
15%
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