Mmastodon BusinessEconomy first seen 9 h ago, last 1 h ago, peak #7
US inflation cooled more 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 rose less than expected in August, and revised figures showed price pressures in the prior month were more moderate than previously reported. The softer data is seen as reducing the urgency for the Federal Reserve to raise interest rates again at its October meeting, offering relief to markets and households watching for further tightening.
Why now: Fresh inflation data points to cooling prices, easing pressure on the Federal Reserve to hike rates in October.
Rank over time, top of the chart is #1. 7 snapshots from 9 h ago to 1 h 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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