2024-09-11 23:55:08
Economy
Inflation
Markets
US Inflation Softens Significantly as Fed Considers Interest Rate Cut
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The Street
Politics
Economy
Finance
US unemployment rose, triggering Sahm Rule; consumer spending and retail sales strong; wage growth cooling; job cuts low; jobless claims improving; pandemic savings depleted, more reliance on credit cards; Fed expected to cut rates soon.
CoinDesk
Slowing Inflation Growth Points to More Upside in Crypto
Economy
Finance
Slowing inflation growth, as shown by August CPI data from the U.S. Bureau of Labor Statistics (BLS), could signal Federal Reserve rate cuts before their September 17-18 monetary policy meeting, boosting crypto. The CPI gauge, Beige Book survey, and employment growth numbers from the Dallas, Kansas City, New York, and Philadelphia Federal Reserve Banks, which cover 25% of national economic output, suggest a dovish stance. CPRI, a proprietary inflation gauge, began stabilizing before CPI, indic..
The Guardian
US inflation softens to lowest level since February 2021 as Fed prepares to cut interest rates
Economy
Politics
Finance
US inflation softened to lowest level since February 2021 as Fed prepares to cut interest rates. Consumer price index rose 2.5% annually, core CPI rose 0.3% monthly. US economy at a crossroads, cost of living key election issue. Fed's U-turn, hikes to two-decade high; inflation peaked at 9.1% in June 2022. Fed's 'soft landing' goal; signs of economic slowdown.
Yahoo News
Why are prices still high if the inflation rate is dropping?
Economy
Finance
The Federal Reserve could cut interest rates during its Sept. 18 meeting after months of no change. CBS News business analyst Jill Schlesinger breaks down why consumer prices remain high despite inflation dropping to its lowest level since early 2021.
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