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

JPMorgan Chase CEO Jamie Dimon says DOGE ‘needs...

February 26, 2025

Will schools finally pay student-athletes? What a historic...

May 25, 2024

Silver lining for consumers: Food price growth has...

May 15, 2024

Nestle to launch frozen pizzas, other foods targeting...

May 22, 2024

Klarna lands buy now, pay later deal with...

March 21, 2025

Boeing did not retain security camera footage showing...

March 15, 2024

How Trump was ‘orange-pilled’ by three bitcoiners in...

August 29, 2024

Peloton launching resale market for used bikes, treadmills

June 4, 2025

DOJ seizes record $225 million in crypto tied...

June 19, 2025

AMC bets on premium screens as Hollywood slate...

April 1, 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

    • Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

      June 30, 2025
    • Breakdown of NVDA’s Stock Price and S&P 500: Actionable Technical Insights

      June 30, 2025
    • Thom Tillis announces retirement from Senate after clash with Trump

      June 30, 2025
    • SCOOP: House Republican eyes bid for Thom Tillis Senate seat after Trump attack

      June 30, 2025
    • Dem delay tactic ends, debate begins on Trump’s ‘big, beautiful bill’

      June 30, 2025
    • GOP, Dem senators remain divided over Medicaid after Trump’s ‘big, beautiful bill’ vote

      June 30, 2025

    Categories

    • Business (1,272)
    • Politics (3,873)
    • Stocks (1,477)
    • Uncategorized (45)
    • World News (1,265)
    • 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