this post was submitted on 14 Aug 2024
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Economics

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Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates (apnews.com)
submitted 4 months ago by MicroWave to c/economics
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Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.

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[–] yggstyle 7 points 4 months ago

Take that further and you get the joke that was that AP article:

.1% less inflation still is 2.9% inflation on top of what we still have. Year over year. Good news right?!