Reported 28 days ago
The August Consumer Price Index (CPI) rose 0.2% month-over-month and 2.5% year-over-year, aligning with economist forecasts. Core CPI increased by 0.3% month-over-month, slightly above expectations. Economists suggest that these trends provide the Federal Reserve with confidence to initiate a 25 basis point rate cut in their upcoming September meeting, marking the optimal starting point for addressing current economic conditions.
Source: YAHOO