Reported about 8 hours ago
The upcoming Consumer Price Index (CPI) report for August is expected to reveal that inflation remains stubborn, with a projected 2.9% year-over-year increase in headline prices, slightly up from July's 2.7%. Analysts suggest that the Federal Reserve may initiate an interest rate cut amid limited impacts from tariffs on consumer costs. Additionally, wholesale inflation data indicates a modest decline, implying that businesses are absorbing some of the tariff-related expenses, while a softening labor market points to weakened domestic demand.
Source: YAHOO