✉news BusinessBusiness first seen 12 h ago, last 2 h ago, peak #3
Fed's favored inflation gauge cooled in August but stayed elevated
Original: Fed's favored inflation gauge cooled in August but remained elevated
The Federal Reserve's preferred inflation measure showed a slowdown in August, according to the latest reading, but prices continued to rise at a level considered above the central bank's target. The report offers mixed signals for policymakers weighing when to cut interest rates, with markets and economists watching whether the cooling trend continues in coming months.
Why now: Investors and policymakers are closely tracking inflation data for clues about the path of Fed interest rate decisions.
Rank over time, top of the chart is #1. 7 snapshots from 12 h ago to 2 h ago.
Evidence
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