U S Financial System And Business News The Brand New York Occasions

September 11, 2024 • Consumer prices in August were up 2.5% from a year ago — the smallest annual enhance since February 2021. Falling inflation clears the way for the Federal Reserve to begin chopping interest rates subsequent week — probably by a quarter percentage point. U.S. shopper prices elevated Business News modestly in August, continuing a trend of slowing inflation that has introduced the annual fee to its lowest level since February 2021. According to the most recent knowledge from the Bureau of Labor Statistics, the Consumer Price Index rose by 0.2% for the month, consistent with expectations, and the annual inflation fee eased to 2.5%, down from 2.9% in July.