Reported 29 days ago
Consumer price increases are projected to ease in August, with economists expecting a year-on-year inflation rate of 2.5%, down from 2.9% in July. The core inflation rate is forecasted to remain at 3.2%. As the Federal Reserve prepares for its next meeting on September 18, investors anticipate a significant rate cut due to moderating inflation and a weakening labor market. The upcoming Consumer Price Index report will be critical in influencing this decision.
Source: YAHOO