The index for shelter rose 0.5% in August and was the major culprit for keeping inflation ... lowest annual rate since early 2021. Stocks dropped sharply lower following the report before ...
slowing more than expected and delivering welcome news for the Federal Reserve, days before a widely expected interest rate cut. Inflation cooled significantly from a year-over-year rate of ...
But Barkin said he wants to ensure that inflation keeps cooling before cutting the benchmark rate to a level that would no longer restrain the economy. Friday's report also showed that Americans ...