also slowed to a 2.9 percent annual increase in July, down from 3 percent in June. The latest inflation reading comes as the Federal Reserve gears up for long-awaited interest rate cuts ahead of ...

The decline of a tenth of a percentage point in the consumer price index comes as most economists expected that annual inflation would remain at 3%, the same as the month before. Inflation is now ...

The consumer price index (CPI) also slowed to a 2.9 percent annual increase in July, down from 3 percent in June, falling below 3 percent for the first time since March 2021. Yahoo Finance ...

The annual pace of inflation slowed more ... traders are hoping for a 50 basis point cut, or half a percentage point. And while headline inflation slowed more than expected, shelter and services ...

With the post-pandemic spike in U.S. inflation easing further last month, the path was cleared for the Fed to cut interest ...

Annual inflation in July was 2.9 percent - under 3 percent for the first time since March 2021, when prices increased due to impacts of the pandemic. The news means that the Federal Reserve could ...