Reported 28 days ago
U.S. consumer prices saw a slight increase of 0.2% in August, with underlying inflation remaining resilient due to heightened rents and service costs. The annual consumer price index (CPI) rose by 2.5%, the lowest since February 2021. Economists suggest this scenario diminishes the likelihood of a significant 50 basis point rate cut by the Federal Reserve, instead favoring a smaller reduction as the labor market shows signs of cooling.
Source: YAHOO