Economics

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Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates (apnews.com)

submitted 3 months ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.

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[–] shortwavesurfer@lemmy.zip 0 points 3 months ago

But deflation is a boogeyman according to them and they do not want that to occur and strive to do everything in their powers to prevent it.

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