Measured from a year earlier, inflation was forecast to have remained 3%, the same as in June.
US inflation last month rose 2.9% versus a year ago — slightly below expectations in a result that likely paves the way for the Federal Reserve to finally begin cutting interest rates next month.
Once-mighty beauty company files for bankruptcy in face of 200 lawsuits linking its talc products to cancercentral role in the presidential election Over the past year, food prices are up just 1.1%. Still, food costs have soared roughly 21% in the past three years, squeezing many family budgets.
Consumers Federal Reserve Gas Prices Inflation Interest Rates Jerome Powell Oil Prices Prices
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