Reported about 5 hours ago
In August, U.S. inflation saw a modest increase to 2.9%, with core inflation steady at 3.1%, allowing the Federal Reserve to consider interest rate cuts amid rising unemployment claims, which hit a four-year high. As the labor market shows signs of weakness, analysts predict potential rate cuts in the upcoming Fed meeting, emphasizing that while inflation remains above the target, many Americans still feel economic strain.
Source: YAHOO