See multiple perspectives from CNBC, Washington Examiner, and Washington Post at AllSides.com.
In the month of July, the inflation rate dropped below 3% for the first time since 2021, while the Consumer Price Index : This marks the fourth month of disinflation, which is good news for the economy and for Vice President Kamala Harris.
The report will probably move central bankers closer to cutting interest rates at their next policy meeting in September. For months, Fed officials have said they won’t trim borrowing costs until they’re confident... The consumer price index, a broad-based measure of prices for goods and services, increased 0.2% for the month, putting the 12-month inflation rate at 2.9%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 3%.
The one-tenth of a percentage point decline in the consumer price index comes as most economists expected that annual inflation would remain at 3%, the same as the month before.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Penn State announces 2024 Whiteout against Washington alongside 2024 home themesThe wait is over: Penn State will play Washington in the Whiteout this year on Nov. 9.
Read more »
Big Ten Daily (July 29): Jedd Fisch Understands Washington's Challenges in 2024Jedd Fisch talked about the challenges Washington faces as it starts from scratch in the Big Ten. It will replace 21 of 22 starters from last year's 14-1 squad.
Read more »
Here's the inflation breakdown for July 2024 — in one chartThe consumer price index has risen 2.9% since July 2023, the lowest annual reading since March 2021.
Read more »
Inflation tracker – July 2024, contrasting trendsIn the United States, consumer price inflation is slowing, in line with the cooling of the labour market.
Read more »
Eisner Awards 2024 Results At SDCC in The Daily LITG, 28th July, 2024The Eisner Awards at San Diego Comic-Con topped traffic on Bleeding Cool yesterday. Where you can always read all about comics, merch, TV shows, games, movies, and more. The Daily Lying In The Gutters remains a long-running run around the day before and possibly the day ahead.
Read more »
The 2024 Republican National Convention: Letters to the Editor — July 22, 2024Today's Video Headlines
Read more »