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Journalist Nicknamed “FED Spokesperson” Talks About the Fed’s Next Move

Author: Content Editor
The latest inflation report in the US showed a cooling trend, with the inflation rate falling to its lowest level in three years. As a result, it is expected that the Federal Reserve (Fed) will gradually reduce interest rates. The August Consumer Price Index (CPI) rose 2.5% annually, down from 2.9% in July, marking the fifth month of slowing inflation. Core inflation, which excludes food and energy prices, remained steady at 3.2%. The report led to a slight fall in major US stock indexes and a slight rise in Treasury yields. Housing inflation was strong, which may complicate efforts to cut interest rates by a larger amount of 50 basis points. The report also highlighted that food prices rose slowly in August, while used car and energy prices fell. The decline in oil prices suggests more easing in the future. Inflation is a major concern for voters in the upcoming election, particularly in relation to energy, food, and housing costs.

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