US inflation falls to 2.1%, almost hitting Federal Reserve targetUS inflation has decreased to 2.1%, nearing the Federal Reserve's target, amidst ongoing economic debates in the upcoming election.
PCE slowdown strengthens expectations for new 'jumbo' rate cut by the Fed - London Business News | Londonlovesbusiness.comCooling inflation and sluggish personal spending may prompt the Fed to consider aggressive rate cuts in upcoming meetings.
The Fed's Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut ImminentInflation remains stable at 2.5% in July, suggesting progress towards cooler price increases and maintaining economic stability.
Increase in WTI crude oil price - London Business News | Londonlovesbusiness.comThe price of WTI oil rose 1.30% to $78.60 per barrel influenced by low trading volume and upcoming PCE index release.
Fed's go-to inflation gauge cooled in FebruaryInflation pressures eased with a rise in consumer spending, still above Fed's target.PCE index and core PCE both rose in February, but core PCE at lowest in three years.
US inflation falls to 2.1%, almost hitting Federal Reserve targetUS inflation has decreased to 2.1%, nearing the Federal Reserve's target, amidst ongoing economic debates in the upcoming election.
PCE slowdown strengthens expectations for new 'jumbo' rate cut by the Fed - London Business News | Londonlovesbusiness.comCooling inflation and sluggish personal spending may prompt the Fed to consider aggressive rate cuts in upcoming meetings.
The Fed's Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut ImminentInflation remains stable at 2.5% in July, suggesting progress towards cooler price increases and maintaining economic stability.
Increase in WTI crude oil price - London Business News | Londonlovesbusiness.comThe price of WTI oil rose 1.30% to $78.60 per barrel influenced by low trading volume and upcoming PCE index release.
Fed's go-to inflation gauge cooled in FebruaryInflation pressures eased with a rise in consumer spending, still above Fed's target.PCE index and core PCE both rose in February, but core PCE at lowest in three years.