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Falling inflation clears the way in which for the Federal Reserve to start slicing rates of interest next week — doubtless by a quarter share point. U.S. shopper prices increased modestly in August, persevering with a trend of slowing inflation that has brought the annual price to its lowest degree since February 2021. According to the newest knowledge from the Bureau of Labor Statistics, the Consumer Price Index rose by 0.2% for the month, consistent with expectations, and the annual inflation price eased to 2.5%, down from 2.9% in July. This marks a significant retreat from the inflation peak of … Read More
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