✉news BusinessBusiness first seen 1 d ago, last 15 h ago, peak #3
Fed's favored inflation gauge cooled in August but stayed elevated
Original: Fed's favored inflation gauge cooled in August but remained elevated
The Federal Reserve's preferred inflation measure showed a slowdown in August, according to Fox Business, but prices continued to run above the central bank's target. The report suggests inflation is easing gradually, though not fast enough to be comfortably under control, keeping attention on how the Fed will weigh the data in upcoming interest rate decisions.
Why now: Investors and policymakers are closely watching inflation data for clues on the path of US interest rates.
Rank over time, top of the chart is #1. 7 snapshots from 1 d ago to 15 h ago.
Evidence
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