Mmastodon BusinessEconomy first seen 4 h ago, last 8 min ago, peak #7
US inflation rose less than expected in August
Original: US inflation increased less than expected in August and price pressures were more moderate in the prior month than previ
US inflation increased less than expected in August, and price pressures in the prior month were revised down as more moderate than previously reported. The softer figures reduce the urgency for the Federal Reserve to raise interest rates again at its October meeting, offering a tentative sign that price growth is cooling.
Why now: Fresh inflation data has immediate implications for Federal Reserve interest rate decisions.
Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 8 min ago.
Evidence
- US inflation increased less than expected in August and price pressures were more moderate in the prior month than previously reported, likely reducing the urgency for the Federal Reserve to raise interest rates again in October. # us # usa # news # minimarketonlineltd #… · minimarket@mastodon.world · 12
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