Reported about 2 months ago
Recent Consumer Price Index data shows a decrease in inflation rates, encouraging experts to believe that the Federal Reserve may cut interest rates in September. The CPI rose by 2.9% year-over-year in July, down from 3% in June, while core inflation remained stable at 3.2%. This trend could signal a shift in monetary policy, as traders anticipate a high likelihood of rate cuts, influenced by upcoming economic indicators like the PCE index and labor market reports.
Source: YAHOO