An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years.
Prices rose just 0.2 percent from June to July, the Commerce Department said Frida...
Fed’s Favorite Inflation Gauge Holds Steady | Business Matters (Aug. 30)
Fed’s Favorite Inflation Gauge Holds Steady | Business Matters (Aug. 30)
Aug-30-2024
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