September 24
The July U.S. Consumer Price Index (CPI) showed a second month of easing price pressures. Core CPI, which excludes food and energy prices, rose by just 0.16% but remains well above the Fed’s 2% target at 4.7% year-over-year. Declining commodity prices helped bring down headline inflation while services prices remained elevated. U.S. labor markets continued to exhibit resilience, with the unemployment rate declining to 3.5%.
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