Reported 7 months ago
US consumers experienced a break from high prices in the latest inflation report, with necessities like groceries, gasoline, and car insurance becoming cheaper. The Consumer Price Index showed stable prices overall, with some discretionary goods even experiencing price declines. Economists believe this may signal a downward trend in inflation, offering relief to consumers grappling with high prices. However, Federal Reserve policymakers are cautious and require sustained decreases in price pressures before considering interest rate adjustments.
Source: YAHOO