• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Inflation rate falls to 2.9% in July, adding to signs that surging prices have abated

by August 15, 2024
written by August 15, 2024

Consumer price growth in July slowed to its lowest post-pandemic level, a sign that the surging inflation that has gripped the U.S. economy is finally ebbing.

On a 12-month basis, the Consumer Price Index (CPI) cooled to 2.9%, down from 3% in June — the first time the index dipped beneath 3% since March 2021. Month over month, it rose 0.2% after falling 0.1% in June.

The latest reading adds to growing signs that the swift price increases consumers have suffered since the pandemic are abating, and it raises pressure on the Federal Reserve to cut interest rates as soon as next month.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
USDCAD and USDCNH: USDCAD is under heavy pressure
next post
Harris, Trump favorability ratings are on the rise among American voters, poll finds

related articles

YouTube to pay $24 million to settle Trump...

October 1, 2025

Charlie Javice sentenced to 7 years in prison...

October 1, 2025

Video game maker Electronic Arts to be acquired...

October 1, 2025

Nearly 200,000 BMWs recalled over potential fire risk

September 30, 2025

Trump says U.S. will impose new tariffs on...

September 29, 2025

Former Fed chairs warn that removing Lisa Cook...

September 27, 2025

Amazon to pay $2.5 billion to settle FTC...

September 27, 2025

The charm of watching movies in theaters is...

September 25, 2025

Ben & Jerry’s co-founder resigns, claiming parent company...

September 18, 2025

LimeWire acquires Fyre Festival, asking ‘What Could Possibly...

September 17, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Ukraine unveils 600-mile cruise missile that can reach Moscow amid peace talks

    March 17, 2025
  • Trump admin to pause grants, federal financial assistance programs following executive orders

    January 28, 2025
  • DNI Gabbard sounds off on Europe’s ‘divergence’ from U.S. values after tense Trump-Zelenskyy meeting

    March 2, 2025
  • Trump touts administration’s progress on peace deals, says world leaders ‘respect our country again’

    June 27, 2025
  • Uber exceeds Q2 expectations: CEO Khosrowshahi predicts continued outperformance

    August 6, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,247)
  • Investing (634)
  • Stock (935)

Latest Posts

  • Trump announces ‘decisive and powerful’ airstrikes against Houthi terrorists in Yemen

    March 15, 2025
  • Trump signs executive order to harness AI in fight against childhood cancers

    September 30, 2025
  • White House demands all Gaza hostages return home ‘this week’ amid stalled talks

    August 27, 2025

Recent Posts

  • Will Trump ask former top GOP rival Nikki Haley to join him on campaign trail during final stretch?

    October 29, 2024
  • YouTube will stream NFL Week 1 game in Brazil for free

    May 15, 2025
  • Filecoin (FIL) plummets 12% despite growing ecosystem and Grayscale recognition

    July 25, 2024

Editor’s Pick

  • Walz’s family relied on Social Security when his father died. Many don’t know kids are eligible for benefits.

    August 23, 2024
  • Spanish retailer Mango to open 60 new U.S. stores as it looks to elevate the brand

    November 26, 2024
  • Trump revokes John Bolton’s Secret Service detail amid Iranian death threats: former national security advisor

    January 22, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock