📉 Inflation Eases, Fed Rate Cut Expected! 📉

- U.S. inflation hit a 3-year low in August, rising just 2.5% YoY, down from 2.9% in July.

- Core prices, excluding food & energy, rose 3.2% YoY, steady from July.

- Gas prices dropped 0.6% MoM, down 10.6% YoY. Used car prices fell 1% MoM.

- Fed likely to cut interest rates next week to boost growth & hiring.

- Median rent for new leases rose 0.9% YoY, but overall rent costs up 5.2%.

- Wage growth slowing to 3.5% annually, easing inflation pressures.

What do you think about the Fed's move? 💬 Share your thoughts below! #Economy #Inflation #FedRateCut #FinanceNews