Mmastodon BusinessEconomy first seen 14 h ago, last 52 min ago, peak #7
US Inflation Cools More Than Expected in August
Original: US inflation increased less than expected in August and price pressures were more moderate in the prior month than previ
US inflation rose less than expected in August, and figures for the previous month were revised down, showing price pressures were more moderate than earlier reported. The softer data reduces pressure on the Federal Reserve to raise interest rates again at its October meeting, easing concerns that borrowing costs would climb further. Commentators highlight the shift as a potentially significant turn in the fight against rising prices.
Why now: The softer inflation figures suggest the Federal Reserve may pause rate hikes, a major economic talking point.
Evidence
- US inflation increased less than expected in August and price pressures were more moderate in the prior month than previously reported, likely reducing the urgency for the Federal Reserve to raise interest rates again in October. # us # usa # news # minimarketonlineltd #… · minimarket@mastodon.world · 12
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