The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

Inflation rate falls to 2.9% in July, adding to signs that surging prices have abated

by admin August 15, 2024
August 15, 2024
Inflation rate falls to 2.9% in July, adding to signs that surging prices have abated

Consumer price growth in July slowed to its lowest post-pandemic level, a sign that the surging inflation that has gripped the U.S. economy is finally ebbing.

On a 12-month basis, the Consumer Price Index (CPI) cooled to 2.9%, down from 3% in June — the first time the index dipped beneath 3% since March 2021. Month over month, it rose 0.2% after falling 0.1% in June.

The latest reading adds to growing signs that the swift price increases consumers have suffered since the pandemic are abating, and it raises pressure on the Federal Reserve to cut interest rates as soon as next month.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
CRITICAL Week Ahead for S&P 500
next post
Wizz Air launches $550 ‘all you can fly’ annual subscription pass

Related Posts

Chick-fil-A announces shift from ‘no antibiotics’ in chicken...

March 27, 2024

OpenAI closes funding at $157 billion valuation as...

October 3, 2024

Southwest to get rid of open seating, offer...

July 27, 2024

Boeing to plead guilty to criminal fraud charge...

July 8, 2024

Delta Airlines cancellations and delays continue but worst...

July 25, 2024

Paramount says CEO Bob Bakish is stepping down,...

May 1, 2024

NBC ripped up its Olympics playbook for 2024...

September 4, 2024

Palm Beach housekeepers are making $150,000 a year...

May 24, 2024

Classic car sales stall in Monterey auctions as...

August 29, 2024

Southwest Airlines will charge to check bags for...

March 12, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning

      September 20, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      September 20, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      September 20, 2025
    • 58 House Dems vote against resolution honoring ‘life and legacy’ of Charlie Kirk

      September 20, 2025
    • Trump-approved plan to avert government shutdown scuttled by Senate

      September 20, 2025
    • Senate Republicans block Democrats’ ‘filthy’ counteroffer as shutdown deadline looms

      September 20, 2025

    Categories

    • Business (1,387)
    • Politics (4,534)
    • Stocks (1,659)
    • Uncategorized (45)
    • World News (1,380)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved