HikerGuy83
Diamond Member
- Dec 26, 2021
- 8,801
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Down to 2.5%, and 0.2% month over month.
https://www.washingtonpost.com/business/2024/09/11/cpi-inflation-fed-rates/
Inflation eased again in August, cementing expectations that the Federal Reserve is setto cut interest rates next week for the first time since the pandemic’s early days.
Data released Wednesday by the Bureau of Labor Statistics showed prices climbed 2.5 percent in the 12 months ending in August. That was a noticeable improvement over the 2.9 percent notched in July, in part because of falling gas prices. Prices also climbed 0.2 percent over the previous month.
Damage already done.
Prices up over 30% in that time.
Have a day.