Latest News And Analysis From Sa’s Business Sector
Falling inflation clears the means in which for the Federal Reserve to start cutting rates of interest subsequent week — probably by 1 / 4 share point. U.S. shopper costs increased modestly in August, persevering with a development of slowing inflation that has brought the annual fee to its lowest degree since February 2021. According to the most recent information from the Bureau of Labor Statistics, the Consumer Price Index rose by zero.2% for the month, according to expectations, and the annual inflation rate eased to 2.5%, down from 2.9% in July. This marks a major retreat from the inflation …