Inflation falls to 2.9%, lower than expectations.‬ Consumer price growth has slowed to its lowest levels in the post-pandemic period.‬ ‪The first interest rate cuts since 2020 should come in September.‬

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by TonyLiberty

Fed chief Powell to set table for September rate cut at Jackson Hole, but jobs data will set the size

Oh yay.

Only 2.9% higher than the 4.5% increase last year and the 8.8% higher increase the year before and the 3% before.

So we are only 21% higher than 4 years ago.