In August, the CPI rose 0.2%, keeping inflation at 2.5%, its lowest since 2021, while traders anticipate an interest rate cut from the Federal Reserve.
US inflation
Breaking News
As markets await crucial inflation data this week, investors hope it will allow the Federal Reserve to implement its anticipated interest rate cut next month amid recent market stability.
Wall Street rebounded strongly on Friday, led by a 1.63% surge in the Dow Jones, after moderate inflation data boosted hopes for an early Federal Reserve interest rate cut.
Former President Donald Trump has once again criticized President Joe Biden's handling of inflation, pointing to the shrinking size of Snickers bars as an example of his rival's economic mismanagement and not "shrinkflation."
The US dollar tumbled to multi-month lows on Thursday following a slowdown in US core inflation, which was its slowest pace in three years.
Wall Street hits record highs as US inflation slows to 3.4%, sparking optimism among investors, although concerns linger about potential consumer spending gaps amid weaker-than-expected retail sales growth.
US President Joe Biden makes a false inflation claim again. His remarks drew attention and received criticism on social media.
Corporate greed is not the main driver of US inflation, according to a new study released by the Federal Reserve Bank of San Francisco.
Concerns about inflation are reducing President Joe Biden's chances of winning reelection, a new poll shows.
A notable shift is occurring in the ongoing blame game surrounding inflation, with voters increasingly pointing fingers at big corporations rather than to President Joe Biden.
The Federal Reserve may decrease interest rates in June following the lowest annual gain in over three years in the United States.
The Federal Reserve has indicated a cautious approach towards cutting US interest rates.
The United States hits a "significant milestone" in the fight to bring down inflation, and President Joe Biden acknowledged this positive development in a statement.
The chief economist of Goldman Sachs is anticipating the end of the pandemic-era inflation soon, as the world economy has now entered a period of "The Great Disinflation."
The US Postal Service will cut the price of postage, the first time in nearly hundred years. While, the cost of all commodities are rising, the drop in stamp prices surprises consumers. The cost decrease is anticipated to come live on April 10, 2016.
