Reported 28 days ago
U.S. consumer prices rose 2.5% year-over-year in August, marking the slowest annual inflation rate since early 2021, according to a recent report from the Bureau of Labor Statistics. While the monthly increase was consistent with economists' expectations, core prices, which exclude food and energy, were slightly higher than anticipated. The Federal Reserve is expected to cut interest rates in response to the data, although core inflation remains above the 2% target.
Source: YAHOO