Core Inflation Cools for Fourth Month, Bolstering Case for Fed Rate Cut The latest U.S. inflation data shows a continued easing of price pressures, with the core Consumer Price Index (CPI) rising 3.2% year-over-year in July, marking the fourth consecutive month of deceleration. This trend supports the Federal Reserve’s potential decision to cut interest rates in September. However, shelter costs, which account for a significant portion of the CPI, accelerated from June, presenting a mixed picture. The overall CPI increased by 2.9% annually, the lowest rate since March 2021. While inflation is generally trending downward, the Fed will likely consider additional data, including labor market conditions, before making a final decision on rate cuts. The market response has been cautious, with traders adjusting their expectations for the size and timing of potential rate reductions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts "You're Going To See Something More Devastating Than 2000 or 2008" – Mike Maloney READ MORE Gold plummets to near $2,400 as profit-booking kicks in, US Dollar advances READ MORE US Treasuries Lose Edge Over Gold as Safe-Haven Investment READ MORE Fed Holds Rates Steady, Hints at Easing Monetary Policy Soon READ MORE Chinese Gold Appetite Wanes as Prices Soar and Economy Slows READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment