US Fed’s preferred inflation measure edges down in August …C0NTINUE READING HERE >>>
The Federal Reserve’s preferred inflation gauge was up 2.2 percent in August, a lower reading than in July..
Photo: Frederic J. BROWN / AFP/File
Source: AFP
An inflation metric closely watched by the US Federal Reserve crept lower Friday, according to government data, supporting the central bank’s decision earlier this month to begin cutting interest rates — ahead of November’s presidential election.
The central bank operates independently of the US administration, but rate cuts lower…
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