In August, US inflation rate likely hit a 3-year low, potentially prompting Fed to lower key interest rate next week.

In August, the US inflation rate likely hit a three-year low, signaling a return to pre-pandemic price levels. This decline may prompt the Federal Reserve to reduce its key interest rate next week, aiming to support economic stability. Lower interest rates are expected to benefit borrowing costs for consumers and businesses alike.

September 11, 2024
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