US Inflation Reaches 3-year Low

The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Yesterday’s report from the Labour Department showed that consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. It...The post US Inflation Reaches 3-year Low first appeared on New Telegraph.The post US Inflation Reaches 3-year Low appeared first on New Telegraph.

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