Wednesday, August 14, 2024

Breaking: Inflation slowed again in July. What does latest data mean for the US economy?

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Wed Aug 14 2024

July CPI report is out: What does latest data mean for the economy?

People walk under a monitor displaying the benchmark Kospi index and the Korean Securities Dealers Automated Quotations (KOSDAQ) after the close of trading in Seoul on Aug. 5, 2024. Seoul's stocks plunged more than eight percent at closing, after weak U.S. jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.

Consumer prices rose only modestly in the 12 months through July, the Labor Department announced Wednesday.

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