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US Core Inflation Comes in Subdued, Easing Pressure on Fed
The US consumer price index rose by 0.2% which was bang in line with forecasts. Prices rose by 2.5% from a year earlier, matching the slowest pace since March 2021. Energy, gas and grocery prices all fell on the month. This likely eases pre…
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Bloomberg Markets
·2h ago
US July Core CPI Rises 0.2%, Easing Pressure on Fed
The US consumer price index rose by 0.2% which was bang in line with forecasts. Prices rose by 2.5% from a year earlier, matching the slowest pace since March 2021. Energy, gas and grocery prices all fell on the month. This likely eases pre…
Bloomberg Economics
·2h ago
US Core Inflation Comes in Subdued, Easing Pressure on Fed
Underlying US inflation was subdued in July, likely easing pressure on the Federal Reserve to raise interest rates.