The latest inflation figures have shown a consistent easing, with year-over-year price increases reaching a three-year low, suggesting room for Federal Reserve interest rate cuts.
Fed officials have noticed a steady decrease in inflation, aligning with their target rates, which allows them to focus more on supporting a cooling job market.
Key inflation measures suggest a return to normalcy, with core prices rising moderately and expectations of a quarter-point interest rate cut next week.
Former President Donald Trump attributes rising inflation to Vice President Kamala Harris, pointing to the pandemic's effect on supply chains and subsequent economic adjustments.
Collection
[
|
...
]