U.S. Inflation Is Cooling — But the Fed Isn’t Ready to Celebrate
Inflation in the United States just delivered some encouraging news. Consumer prices rose only 0.1% in July, while annual inflation eased to 3.4%, down from 3.5% in June. Core inflation, which removes the more volatile food and energy categories, also moved lower to 2.5% annually. For households that have spent years dealing with rising…