Consumer prices rise at slowest pace since early 2021

Published On Sep 11, 2024, 8:35 AM

In August 2024, U.S. consumer prices rose at the slowest annual pace since early 2021, increasing by 2.5% year-over-year, down from 2.9% in July. Monthly inflation matches July's increase at 0.2%. While the core inflation rate rose 3.2% annually, it poses complications for the Federal Reserve's expected interest rate cuts. Economic indicators signal potential rate cuts, with market expectations leaning towards a modest reduction rather than a larger one due to contradictory inflation metrics.

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With inflation data showing cooling prices, the expectation for a modest Federal Reserve rate cut remains intact. However, the complexity introduced by core inflation may create a cautious atmosphere in the market. Investors should be mindful of market fluctuations as interest rates are adjusted.

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