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Share link:In this post: Inflation in the U.S. cooled in August, paving the way for the Federal Reserve to cut interest rates this September. The year-on-year Consumer Price Index decreased by 0.4% to 2.5% from July’s 2.9%. The Non-Farm Payroll report for July raised concerns about failing to meet economists’ expectations.
U.S. inflation dipped to 2.5% in August, paving the way for the Federal Reserve to cut interest rates during its next meeting. The year-on-year consumer price index numbers settled at 2.5%, a 0.4% decline from the previous 2.9% figure.
The U.S. inflation decreased to 2.5% in August, preparing the way for the U.S. central bank, the Federal Reserve, to begin chopping interest rates in its next meeting scheduled for September 18th. This is long anticipated by market participants.
U.S. YoY CPI falls while Core CPI maintains its previous levels
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