US inflation slows in July, clearing way for a cut in interest rates
Briefly

from www.aljazeera.com7 months ago
Inflation has reached its lowest level in over three years as of July, suggesting a gradual easing of the overall price spike that has affected consumers.
www.aljazeera.comhttps://www.aljazeera.com/economy/2024/8/14/us-inflation-slows-in-july-clearing-way-for-a-cut-in-interest-rates
The year-over-year inflation figure dropped to 2.9 percent in July, highlighting the government’s struggle against rising costs, especially in the housing sector.
www.aljazeera.comhttps://www.aljazeera.com/economy/2024/8/14/us-inflation-slows-in-july-clearing-way-for-a-cut-in-interest-rates
Ryan Sweet explains that the perception of inflation can impact political landscapes, stating that lower inflation results are not necessarily a win for the Democratic Party.
www.aljazeera.comhttps://www.aljazeera.com/economy/2024/8/14/us-inflation-slows-in-july-clearing-way-for-a-cut-in-interest-rates
Despite lower inflation, many Americans are still feeling the pinch from high food prices, which are still significantly above their levels from three years ago.
www.aljazeera.comhttps://www.aljazeera.com/economy/2024/8/14/us-inflation-slows-in-july-clearing-way-for-a-cut-in-interest-rates
Read at www.aljazeera.com
#inflation #economy #consumer-prices #housing-costs #political-impact
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