✉news BusinessEconomy first seen 10 h ago, last 6 h ago, peak #37
US inflation rises less than expected in August
Original: US inflation rises below expectations in August, gives the Fed breathing space
US inflation increased in August but by less than economists had expected, according to Reuters, offering the Federal Reserve more room to hold off on further interest rate hikes. Softer-than-feared price growth eases pressure on policymakers, and markets are likely to watch upcoming Fed meetings closely for signs of a pause.
Why now: Cooler-than-expected inflation data directly affects expectations for Federal Reserve interest rate decisions.
Evidence
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