Section

Inflation gauge closely watched by the Fed falls to lowest level since early 2021

By Economic Times - 10 hours ago
Inflation in the U.S. has significantly cooled, approaching pre-pandemic levels, as reported by the Commerce Department. Core prices rose 2.7% in September from a year earlier. Despite some inflation pressures, the Federal Reserve is expected to cut interest rates soon, with consumer spending remaining resilient and employment strong.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.