US Inflation Dropped Below 3%
==========
Consumer inflation rates in the US have improved, with the Consumer Price Index (CPI) dipping below 3% in July 2024. The headline CPI reported a 0.165% increase over the previous month, reversing a slight dip. Core CPI, excluding volatile categories like food and energy, increased by 0.205% month-over-month. Core goods prices are descending, while core service costs, particularly related to housing, are rising. Health care costs are down. Analysts predict the disinflation trend will persist, especially as the labor market cools and housing demand stabilizes. The recent inflation data will shape Federal Reserve monetary policy, potentially leading to interest rate cuts. Job creation, wage growth, and global economic conditions, especially in China, will also impact US economic prospects and interest rate strategies.
#UsInflation #ConsumerPriceIndex #Disinflation #EconomicStability #FederalReserve #InterestRates #LaborMarket #HousingDemand #GlobalEconomicConditions #China
https://evrimagaci.org/tpg/us-inflation-dropped-below-3-19478
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npub1pm…c82t3
2024-08-15 05:30:05
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npub1pm5nf0vv5h8syx449lu2tr45ljdjhpz6lt6sncttxvdd0ft4djeqmc82t3Published at
2024-08-15 05:30:05Event JSON
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"content": "US Inflation Dropped Below 3%\n==========\n\nConsumer inflation rates in the US have improved, with the Consumer Price Index (CPI) dipping below 3% in July 2024. The headline CPI reported a 0.165% increase over the previous month, reversing a slight dip. Core CPI, excluding volatile categories like food and energy, increased by 0.205% month-over-month. Core goods prices are descending, while core service costs, particularly related to housing, are rising. Health care costs are down. Analysts predict the disinflation trend will persist, especially as the labor market cools and housing demand stabilizes. The recent inflation data will shape Federal Reserve monetary policy, potentially leading to interest rate cuts. Job creation, wage growth, and global economic conditions, especially in China, will also impact US economic prospects and interest rate strategies.\n\n#UsInflation #ConsumerPriceIndex #Disinflation #EconomicStability #FederalReserve #InterestRates #LaborMarket #HousingDemand #GlobalEconomicConditions #China\n\nhttps://evrimagaci.org/tpg/us-inflation-dropped-below-3-19478",
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