Latest inflation data gives a ‘bright green light’ for a rate cut
Inflatie
CNN — The Federal Reserve’s go-to inflation gauge held at 2.5% in July, Commerce Department data showed Friday. That’s better than anticipated and shows progress — but still underscores the bumpy process for inflation’s descent. Friday’s report also reaffirmed that the backbone of the US economy — the consumer — is still holding strong, although their piggy banks are getting lighter. Spending was up by 0.5%, or 0.4% when adjusted for inflation, landing above expectations for the month when
din zilele anterioare