August CPI report shows 0.2% inflation rise, Fed still expected to cut interest rates
The Consumer Price Index rose 0.2% in August, the same as July, putting the 12-month inflation rate at 2.5%. CBS News contributor Javier David has a look at the numbers and what they might mean for interest rates.
Jerome Powell’s Fed cut rates by a half-percentage point. ZUMAPRESS.com The Labor Department’s jobs report for July, which was released days after the Fed’s July 30-31 meeting, showed the ...
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