đ Inflation Eases, Fed Rate Cut Expected! đ
- 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? đŹ Share your thoughts below! #Economy #Inflation #FedRateCut #FinanceNews
