Thursday, October 10, 2024

Breaking: Inflation slowed again in September, CPI report shows, as the Fed weighs further rate cuts later this year

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Thu Oct 10 2024

Inflation eased further in September on falling gas prices

A customer pays cash for a container of fresh fruit from a street vendor along Hollywood Blvd on July 13, 2022, in Los Angeles, California. US consumer price inflation surged 9.1 percent over the past 12 months to June, the fastest increase since November 1981, according to government data released on July 13. The Labor Department reported that the consumer price index jumped 1.3 percent in June driven by record-high gasoline prices.

The consumer price index highlighted moderating inflation for a sixth straight month but it slowed less than expected

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