U.S. August inflation rate falls to 2.5% YoY; possible Federal Reserve interest rate reduction.

U.S. inflation has fallen to a three-year low of 2.5% year-over-year as of August, according to Labor Department data. This decline, attributed to a decrease in post-pandemic price spikes, may prompt the Federal Reserve to lower interest rates in the coming week. Such a move could significantly impact economic discussions as the presidential race approaches its conclusion.

September 11, 2024
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