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  • 📰 JUST IN – Inflation in the U.S. reportedly fell to 2.5% in August, the lowest annual rate for over three years.
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📰 JUST IN – Inflation in the U.S. reportedly fell to 2.5% in August, the lowest annual rate for over three years.

September 11, 2024
Frank

JUST IN – Inflation in the U.S. reportedly fell to 2.5% in August, the lowest annual rate for over three years.

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📰 ⚡ Kamala Harris catches up with Donald Trump and takes the lead, according to Polymarket. She was 7 points behind before the debate.
📰 COOLING INFLATION SEEN AS NOT ENOUGH TO SUPPORT 50BP RATE CUT August CPI inflation “appears to be consistent with a slightly below-target,” reading on the Fed’s preferred gauge, the PCE, Capital Economics’ Paul Ashworth says in a note. Monthly CPI was 0.2%, which points to a 0.15% monthly increase on the PCE, he says. August PCE will be released later this month, after next week’s expected interest rate cut. “On balance, we still think the Fed will begin its rate cutting cycle with a more modest” 25-basis-poing cut, he says. He adds that the 3.2% annual core CPI was due mostly to a 5.2% increase in shelter prices, while the three-month annualised core CPI rebounded “only to 2.1% from a weak 1.6%.”

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