Reported 28 days ago
The U.S. consumer price index rose by 0.2% in August, marking a smaller year-on-year increase of 2.5%, the lowest since February 2021. While inflation remains above the Federal Reserve's 2% target, the modest CPI data suggests that a half-point rate cut is less likely, with many market analysts now anticipating a 25 basis point cut instead. The report reflects a trend of moderating inflation, leading to discussions around the Fed's future monetary policy shifts, particularly focusing on the labor market.
Source: YAHOO