Home News Look at What is Happening with Inflation and Fed Rate Cuts

Look at What is Happening with Inflation and Fed Rate Cuts

August 22, 2024

With so much speculation about what is going to happen in September, look at what is happening with inflation and Fed rate cuts.

Inflation Falling

August 21 (King World News) – Gerald Celente: The U.S. Consumer Price Index rose at an annual pace of 2.9 percent in July, falling from 3.0 percent in June and sliding below 3 percent for the first time since 2021, the Bureau of Labor Statistics (BLS) reported.

Analysts were expecting the rate to hold at 3.0 percent, according to the consensus in a FactSet survey.

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