The Fed is widely expected to cut interest rates next week.
Consumer prices rose 2.5% in August compared to a year ago, slowing more than expected and delivering welcome news for the Federal Reserve, days before a widely expected interest rate cut.Price increases have fallen from a peak in 2022, but inflation remains higher than the Federal Reserve's target rate of 2%.
So far this year, the job market has slowed alongside cooling inflation. That trend was underscored last week by a weaker-than-expected, though employers added a solid 142,000 jobs. The unemployment rate has ticked up this year from 3.7% to 4.2%. Recent trends have shifted the Fed's focus away from controlling inflation and toward ensuring a healthy job market.the "time has come" for the Fed to adjust its interest rate policy.
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