Surprise Drop In US Inflation: Will Interest Rates Be Cut Soon?
11 Sep 2024
In August, US consumer inflation showed a significant decline, with the Consumer Price Index (CPI) falling to 2.5% year-over-year, down from 2.9% in July. This marks the lowest annual inflation rate since February 2021, according to data released by the US Labour Department on September 11. Implications for Federal Reserve...
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