US Inflation Reaches a 3-year Low as Federal Reserve Prepares to Cut Interest Rates – News18
Excluding volatile food and energy costs, so-called core prices in the US rose 3.2% in August from 12 months earlier, the same as in July. Wednesday’s report from the Labor Department showed that US consumer prices rose 2.5% in August from a year earlier. It was the fifth straight annual drop and the smallest such…