News list for " boosting interest rate cuts"

On July 11, inflation in the United States generally cooled in June, further boosting the confidence of Federal Reserve officials that the Federal Reserve may soon cut interest rates. The core CPI, which excludes food and energy costs, rose 0.1% from May, the smallest increase since August 2021, according to the Bureau of Labor Statistics. The measure rose 3.3% year-on-year and was also the slowest increase in more than three years, data released on Thursday showed. Economists believe the core m...

2024-07-11 20:36:37