Core US inflation eases a fourth month, sealing Fed rate cut

In July, the core consumer price index in the US rose 3.2% from a year ago, marking a four-month decline in underlying inflation. Monthly, it increased by 0.2%. The Federal Reserve is expected to lower interest rates next month. Nearly 90% of the monthly advance was attributed to shelter costs, which accelerated from June.

Aug 14, 2024 - 20:00

Core US inflation eases a fourth month, sealing Fed rate cut

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In July, the core consumer price index in the US rose 3.2% from a year ago, marking a four-month decline in underlying inflation. Monthly, it increased by 0.2%. The Federal Reserve is expected to lower interest rates next month. Nearly 90% of the monthly advance was attributed to shelter costs, which accelerated from June.