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Inflation Down, Fed Rate Cut Expected in Sept: CPI Report
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August 14, 2024August 14, 2024IPOs

Inflation Down, Fed Rate Cut Expected in Sept: CPI Report

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Inflation is now at 2.9%, marking the first time it has fallen below 3% since March 2021. Wednesday’s Consumer Price Index (CPI) report, which tracks the prices of essential goods and services and helps the U.S. Federal Reserve determine economic policy, found that prices rose 2.9% in July compared to July 2023. This could mean...