The New York Times on Nostr: Inflation Remains Subdued, as Fed Preps Rate Cut ========== U.S. inflation slowed to ...
Inflation Remains Subdued, as Fed Preps Rate Cut
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U.S. inflation slowed to 2.5% in August 2024, down from 2.9% in July and significantly lower than the 9.1% peak in 2022; Federal Reserve expected to cut interest rates for the first time in over four years; housing costs rose 5.2%, contributing to core inflation; car insurance prices increased 16.5% year-over-year; food prices rose 0.1% in August; Vice President Kamala Harris faces scrutiny over inflation; report indicates mixed reactions in stock market; Lael Brainard stated the nation is 'turning the page on inflation'; Republicans claim costs could rise by $4,000 per family due to proposed tariffs; overall consumer price growth moderated, but housing remains a stubborn issue.
#Inflation #FederalReserve #InterestRates #HousingCosts #ConsumerPrices #EconomicData #KamalaHarris #Republicans #StockMarket #FoodPrices
https://www.nytimes.com/live/2024/09/11/business/cpi-inflation-fed
==========
U.S. inflation slowed to 2.5% in August 2024, down from 2.9% in July and significantly lower than the 9.1% peak in 2022; Federal Reserve expected to cut interest rates for the first time in over four years; housing costs rose 5.2%, contributing to core inflation; car insurance prices increased 16.5% year-over-year; food prices rose 0.1% in August; Vice President Kamala Harris faces scrutiny over inflation; report indicates mixed reactions in stock market; Lael Brainard stated the nation is 'turning the page on inflation'; Republicans claim costs could rise by $4,000 per family due to proposed tariffs; overall consumer price growth moderated, but housing remains a stubborn issue.
#Inflation #FederalReserve #InterestRates #HousingCosts #ConsumerPrices #EconomicData #KamalaHarris #Republicans #StockMarket #FoodPrices
https://www.nytimes.com/live/2024/09/11/business/cpi-inflation-fed