Financial Times on Nostr: US inflation falls to 2.9% in July ========== US inflation fell to 2.9% in July, the ...
US inflation falls to 2.9% in July
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US inflation fell to 2.9% in July, the smallest annual increase since March 2021 and the first time since then that the headline CPI figure has dipped below 3%. The figure was 0.1 percentage points below June's rate and lower than economists' expectations. The data supports the case for the Federal Reserve to cut interest rates at its next meeting in September. The decline in inflation will be welcomed in the White House and may alleviate voter disquiet about inflation in the upcoming presidential election. However, concerns have been raised about the central bank waiting too long to cut rates, following a sharp decline in jobs growth earlier this month.
https://www.ft.com/content/bd0f8f51-84bb-453d-a8c1-2473b2c8caa9
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US inflation fell to 2.9% in July, the smallest annual increase since March 2021 and the first time since then that the headline CPI figure has dipped below 3%. The figure was 0.1 percentage points below June's rate and lower than economists' expectations. The data supports the case for the Federal Reserve to cut interest rates at its next meeting in September. The decline in inflation will be welcomed in the White House and may alleviate voter disquiet about inflation in the upcoming presidential election. However, concerns have been raised about the central bank waiting too long to cut rates, following a sharp decline in jobs growth earlier this month.
https://www.ft.com/content/bd0f8f51-84bb-453d-a8c1-2473b2c8caa9